Putnam Focused Large Cap Value ETF $PVAL Stake Increased by Elyxium Wealth LLC

Elyxium Wealth LLC raised its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 198.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,682 shares of the company’s stock after acquiring an additional 15,088 shares during the quarter. Elyxium Wealth LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $969,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Aurdan Capital Management LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 496.2% in the 3rd quarter. Aurdan Capital Management LLC now owns 335,752 shares of the company’s stock valued at $14,343,000 after purchasing an additional 279,438 shares in the last quarter. RMR Wealth Builders bought a new stake in Putnam Focused Large Cap Value ETF in the third quarter valued at about $735,000. J.W. Cole Advisors Inc. raised its stake in Putnam Focused Large Cap Value ETF by 7.9% during the third quarter. J.W. Cole Advisors Inc. now owns 117,725 shares of the company’s stock valued at $5,029,000 after buying an additional 8,664 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Putnam Focused Large Cap Value ETF by 266.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock worth $167,333,000 after buying an additional 2,847,566 shares during the last quarter. Finally, Processus Wealth & Capital Management LLC bought a new position in Putnam Focused Large Cap Value ETF during the 3rd quarter worth approximately $436,000.

Putnam Focused Large Cap Value ETF Trading Up 1.8%

Shares of NYSEARCA PVAL opened at $48.96 on Friday. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $49.02. The business has a 50 day simple moving average of $46.27 and a 200-day simple moving average of $43.69.

Putnam Focused Large Cap Value ETF Dividend Announcement

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