Envestnet Asset Management Inc. Increases Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Envestnet Asset Management Inc. boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 106.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,987 shares of the company’s stock after acquiring an additional 38,142 shares during the period. Envestnet Asset Management Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $2,686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PVAL. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $272,000. Cambridge Investment Research Advisors Inc. increased its stake in Putnam Focused Large Cap Value ETF by 250.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 130,023 shares of the company’s stock valued at $4,720,000 after buying an additional 92,916 shares during the period. AdvisorNet Financial Inc raised its position in Putnam Focused Large Cap Value ETF by 37.9% during the 1st quarter. AdvisorNet Financial Inc now owns 59,160 shares of the company’s stock worth $2,114,000 after buying an additional 16,267 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Putnam Focused Large Cap Value ETF by 636.3% in the 1st quarter. Cetera Investment Advisers now owns 689,454 shares of the company’s stock worth $24,634,000 after acquiring an additional 595,811 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 0.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 582,076 shares of the company’s stock valued at $21,129,000 after acquiring an additional 3,895 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.9 %

Shares of Putnam Focused Large Cap Value ETF stock opened at $38.12 on Friday. The firm has a market cap of $573.71 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a 52-week low of $27.68 and a 52-week high of $38.13. The company’s 50-day simple moving average is $36.97 and its 200-day simple moving average is $36.24.

Putnam Focused Large Cap Value ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, September 6th were given a dividend of $0.121 per share. The ex-dividend date was Friday, September 6th.

About Putnam Focused Large Cap Value ETF

The Putnam Focused Large Cap Value ETF (PVAL) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed, non-transparent ETF that provides exposure to large-cap value companies in the US. The fund utilizes the Fidelity non-transparent model. PVAL was launched on May 25, 2021 and is managed by Putnam.