Arete Wealth Advisors LLC Purchases 20,689 Shares of Putnam Focused Large Cap Value ETF $PVAL

Arete Wealth Advisors LLC lifted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,503 shares of the company’s stock after acquiring an additional 20,689 shares during the quarter. Putnam Focused Large Cap Value ETF makes up approximately 1.6% of Arete Wealth Advisors LLC’s holdings, making the stock its 11th largest holding. Arete Wealth Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $25,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp bought a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $3,900,000. Prostatis Group LLC acquired a new position in Putnam Focused Large Cap Value ETF during the 3rd quarter worth $3,727,000. Cullen Frost Bankers Inc. boosted its position in 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 valued at $249,629,000 after buying an additional 3,360,792 shares during the last quarter. Trademark Financial Management LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 429.2% in the 3rd 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 position in Putnam Focused Large Cap Value ETF during the 3rd quarter valued at about $748,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA:PVAL opened at $48.45 on Friday. The firm’s 50 day simple moving average is $47.31 and its 200 day simple moving average is $44.53. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $49.13.

Putnam Focused Large Cap Value ETF Dividend Announcement

The company also recently announced 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 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.