MAI Capital Management Purchases 9,001 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

MAI Capital Management increased its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 50.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,891 shares of the company’s stock after buying an additional 9,001 shares during the period. MAI Capital Management’s holdings in Putnam Focused Large Cap Value ETF were worth $1,020,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter worth approximately $40,000. Clear Point Advisors Inc. bought a new position in Putnam Focused Large Cap Value ETF during the second quarter worth $61,000. Allworth Financial LP raised its stake in Putnam Focused Large Cap Value ETF by 79.8% during the 3rd quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock valued at $98,000 after purchasing an additional 1,145 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at $205,000. Finally, Cozad Asset Management Inc. acquired a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter worth $208,000.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA:PVAL opened at $39.30 on Friday. The firm’s 50-day moving average is $38.21 and its 200-day moving average is $37.03. The company has a market cap of $591.47 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 $29.77 and a 52-week high of $39.65.

Putnam Focused Large Cap Value ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, September 6th were issued a $0.121 dividend. 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.