Belpointe Asset Management LLC Has $977,000 Holdings in Putnam Focused Large Cap Value ETF $PVAL

Belpointe Asset Management LLC decreased its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 11.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,292 shares of the company’s stock after selling 3,138 shares during the period. Belpointe Asset Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $977,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Northwest Capital Management Inc bought a new stake in Putnam Focused Large Cap Value ETF during the first quarter worth $102,000. Allworth Financial LP lifted its holdings in Putnam Focused Large Cap Value ETF by 11.2% during the first quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock worth $109,000 after acquiring an additional 300 shares during the period. Ameritas Advisory Services LLC bought a new stake in Putnam Focused Large Cap Value ETF during the second quarter worth $121,000. Comerica Bank raised its stake in shares of Putnam Focused Large Cap Value ETF by 15.3% in the first quarter. Comerica Bank now owns 6,350 shares of the company’s stock valued at $242,000 after buying an additional 841 shares during the period. Finally, Townsquare Capital LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the first quarter valued at $260,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL opened at $42.73 on Wednesday. The firm has a market cap of $4.61 billion, a PE ratio of 17.86 and a beta of 0.89. The stock’s fifty day moving average price is $41.77 and its two-hundred day moving average price is $39.55. Putnam Focused Large Cap Value ETF has a 1 year low of $32.83 and a 1 year high of $43.12.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Monday, October 6th will be paid a $0.1029 dividend. The ex-dividend date is Monday, October 6th. This represents a $0.41 annualized dividend and a dividend yield of 1.0%.

Putnam Focused Large Cap Value ETF 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.