Able Wealth Management LLC Grows Stock Holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Able Wealth Management LLC boosted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 67.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,462 shares of the company’s stock after buying an additional 23,651 shares during the period. Putnam Focused Large Cap Value ETF makes up 1.7% of Able Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. Able Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $2,218,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at $1,000,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter valued at $272,000. Sanctuary Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter valued at $425,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Putnam Focused Large Cap Value ETF by 250.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 130,023 shares of the company’s stock valued at $4,720,000 after purchasing an additional 92,916 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter worth $1,169,000.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA PVAL opened at $39.37 on Friday. Putnam Focused Large Cap Value ETF has a 52-week low of $28.80 and a 52-week high of $39.56. The company has a market capitalization of $592.52 million, a P/E ratio of 16.48 and a beta of 0.82. The company has a fifty day moving average of $37.81 and a 200-day moving average of $36.77.

Putnam Focused Large Cap Value ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, September 6th were issued a dividend of $0.121 per share. The ex-dividend date of this dividend was Friday, September 6th.

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.