Sowa Financial Group Inc. Acquires 28,336 Shares of Putnam Focused Large Cap Value ETF $PVAL

Sowa Financial Group Inc. boosted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 519,537 shares of the company’s stock after buying an additional 28,336 shares during the period. Putnam Focused Large Cap Value ETF makes up 13.1% of Sowa Financial Group Inc.’s portfolio, making the stock its 4th biggest holding. Sowa Financial Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $20,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwest Capital Management Inc acquired a new stake in Putnam Focused Large Cap Value ETF in the 1st quarter worth about $102,000. Allworth Financial LP boosted its stake in Putnam Focused Large Cap Value ETF by 11.2% in the 1st quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock worth $109,000 after buying an additional 300 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 2nd quarter worth about $121,000. JGP Wealth Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 2nd quarter worth about $228,000. Finally, Comerica Bank boosted its stake in Putnam Focused Large Cap Value ETF by 15.3% in the 1st quarter. Comerica Bank now owns 6,350 shares of the company’s stock worth $242,000 after buying an additional 841 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA PVAL opened at $42.47 on Monday. The firm has a market capitalization of $4.69 billion, a P/E ratio of 17.86 and a beta of 0.89. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $43.12. The business’s 50-day simple moving average is $42.09 and its 200-day simple moving average is $39.81.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, October 6th were paid a $0.1029 dividend. This represents a $0.41 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, October 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.