Modern Wealth Management LLC Has $51.12 Million Stock Holdings in Putnam Focused Large Cap Value ETF $PVAL

Modern Wealth Management LLC grew its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 93.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,196,507 shares of the company’s stock after buying an additional 578,599 shares during the period. Putnam Focused Large Cap Value ETF makes up 1.0% of Modern Wealth Management LLC’s holdings, making the stock its 20th biggest position. Modern Wealth Management LLC owned 1.05% of Putnam Focused Large Cap Value ETF worth $51,115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PVAL. M&T Bank Corp acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth approximately $3,900,000. Prostatis Group LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $3,727,000. Cullen Frost Bankers Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 135.4% in the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after buying an additional 3,360,792 shares in the last quarter. Trademark Financial Management LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 429.2% in the third quarter. Trademark Financial Management LLC now owns 143,929 shares of the company’s stock valued at $6,149,000 after buying an additional 116,730 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the third quarter worth approximately $748,000.

Putnam Focused Large Cap Value ETF Price Performance

Putnam Focused Large Cap Value ETF stock opened at $46.56 on Friday. The stock’s fifty day moving average price is $47.47 and its two-hundred day moving average price is $44.73. Putnam Focused Large Cap Value ETF has a one year low of $32.83 and a one year high of $49.13. The firm has a market cap of $7.64 billion, a PE ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

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

Putnam Focused Large Cap Value ETF Company 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.