Provident Wealth Management LLC Trims Stock Holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Provident Wealth Management LLC lowered its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 29.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 113,458 shares of the company’s stock after selling 48,249 shares during the period. Putnam Focused Large Cap Value ETF comprises about 1.5% of Provident Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. Provident Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $4,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter valued at approximately $272,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 250.4% during the second 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 last quarter. AdvisorNet Financial Inc increased its position in shares of Putnam Focused Large Cap Value ETF by 37.9% during the first quarter. AdvisorNet Financial Inc now owns 59,160 shares of the company’s stock valued at $2,114,000 after acquiring an additional 16,267 shares in the last quarter. Cetera Investment Advisers raised its holdings in 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 worth $21,129,000 after purchasing an additional 3,895 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA:PVAL opened at $38.48 on Thursday. Putnam Focused Large Cap Value ETF has a 1 year low of $27.68 and a 1 year high of $38.63. The company has a market cap of $579.12 million, a P/E ratio of 16.48 and a beta of 0.82. The stock’s fifty day moving average price is $37.29 and its 200-day moving average price is $36.41.

Putnam Focused Large Cap Value ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, September 6th were issued a dividend of $0.121 per share. The ex-dividend date of this dividend 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.