PNC Financial Services Group Inc. Boosts Stock Position in Putnam Focused Large Cap Value ETF $PVAL

PNC Financial Services Group Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 13.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 173,629 shares of the company’s stock after buying an additional 20,634 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $7,417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PVAL. Cullen Frost Bankers Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 135.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock worth $249,629,000 after acquiring an additional 3,360,792 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 266.3% in the third quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock valued at $167,333,000 after purchasing an additional 2,847,566 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 106.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,904 shares of the company’s stock valued at $143,456,000 after purchasing an additional 1,841,717 shares during the period. Bank of America Corp DE increased its position in Putnam Focused Large Cap Value ETF by 19.6% during the second quarter. Bank of America Corp DE now owns 10,182,895 shares of the company’s stock worth $409,658,000 after purchasing an additional 1,669,903 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Putnam Focused Large Cap Value ETF by 27.1% during the second quarter. Cetera Investment Advisers now owns 3,552,531 shares of the company’s stock worth $142,918,000 after purchasing an additional 758,283 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA:PVAL opened at $48.38 on Friday. The company’s 50-day moving average is $46.95 and its two-hundred day moving average is $44.17. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $49.13. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were given 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.