Castle Wealth Management LLC Grows Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Castle Wealth Management LLC grew its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 54.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,171 shares of the company’s stock after buying an additional 73,304 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for approximately 3.1% of Castle Wealth Management LLC’s holdings, making the stock its 4th largest position. Castle Wealth Management LLC owned approximately 0.23% of Putnam Focused Large Cap Value ETF worth $8,415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Prosperity Financial Group Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 8.2% during the 2nd quarter. Prosperity Financial Group Inc. now owns 162,510 shares of the company’s stock valued at $6,538,000 after buying an additional 12,365 shares during the period. Patten Group Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 18.2% during the 2nd quarter. Patten Group Inc. now owns 20,082 shares of the company’s stock valued at $808,000 after buying an additional 3,086 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter valued at $99,874,000. Sowa Financial Group Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 5.8% during the 2nd quarter. Sowa Financial Group Inc. now owns 519,537 shares of the company’s stock valued at $20,901,000 after buying an additional 28,336 shares during the period. Finally, Stephens Inc. AR lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 42.6% during the 2nd quarter. Stephens Inc. AR now owns 17,214 shares of the company’s stock valued at $693,000 after buying an additional 5,144 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.0%

Shares of Putnam Focused Large Cap Value ETF stock opened at $42.95 on Thursday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89. The business has a 50-day moving average price of $42.20 and a 200-day moving average price of $39.91. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $43.12.

Putnam Focused Large Cap Value ETF Cuts Dividend

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

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.