Bank of New York Mellon Corp Buys Shares of 32,012 Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Bank of New York Mellon Corp purchased a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,012 shares of the company’s stock, valued at approximately $1,162,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PVAL. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at approximately $272,000. UBS Group AG lifted its stake in shares of Putnam Focused Large Cap Value ETF by 52.3% in the fourth quarter. UBS Group AG now owns 331,418 shares of the company’s stock worth $10,453,000 after buying an additional 113,749 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Putnam Focused Large Cap Value ETF by 37.9% in the first 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 boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 636.3% during the 1st quarter. Cetera Investment Advisers now owns 689,454 shares of the company’s stock worth $24,634,000 after buying an additional 595,811 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Putnam Focused Large Cap Value ETF by 0.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 582,076 shares of the company’s stock valued at $21,129,000 after buying an additional 3,895 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Putnam Focused Large Cap Value ETF stock opened at $37.80 on Friday. The firm has a market cap of $568.89 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. The firm has a fifty day moving average price of $36.81 and a two-hundred day moving average price of $35.98. Putnam Focused Large Cap Value ETF has a fifty-two week low of $27.68 and a fifty-two week high of $38.00.

Putnam Focused Large Cap Value ETF Dividend Announcement

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

Putnam Focused Large Cap Value ETF Company Profile

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.