Truist Financial Corp Purchases 384,322 Shares of Putnam Focused Large Cap Value ETF $PVAL

Truist Financial Corp raised its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 411.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 477,775 shares of the company’s stock after buying an additional 384,322 shares during the quarter. Truist Financial Corp owned about 0.42% of Putnam Focused Large Cap Value ETF worth $20,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PVAL. Rothschild Investment LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the second quarter valued at approximately $67,000. Franklin Resources Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter worth $94,000. Ameritas Advisory Services LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter valued at $121,000. CoreCap Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at $123,000. Finally, Rockbridge Investment Management LCC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth $211,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $47.32 on Friday. The stock’s fifty day moving average price is $45.86 and its 200 day moving average price is $43.43. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $47.76. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were paid a $0.1124 dividend. The ex-dividend date was Friday, December 19th.

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.