Provident Wealth Management LLC Sells 48,249 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Provident Wealth Management LLC decreased its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 29.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,458 shares of the company’s stock after selling 48,249 shares during the quarter. Putnam Focused Large Cap Value ETF comprises approximately 1.5% of Provident Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Provident Wealth Management LLC owned about 0.75% of Putnam Focused Large Cap Value ETF worth $4,305,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CWM LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $61,000,000. Amplius Wealth Advisors LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 14.8% in the third quarter. Amplius Wealth Advisors LLC now owns 1,566,637 shares of the company’s stock valued at $59,433,000 after buying an additional 201,908 shares in the last quarter. Opal Wealth Advisors LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 10.2% in the third quarter. Opal Wealth Advisors LLC now owns 1,189,265 shares of the company’s stock valued at $45,121,000 after buying an additional 110,513 shares during the period. Cetera Investment Advisers grew its position in Putnam Focused Large Cap Value ETF by 49.7% during the second quarter. Cetera Investment Advisers now owns 1,031,872 shares of the company’s stock worth $37,457,000 after buying an additional 342,418 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Putnam Focused Large Cap Value ETF by 147.2% during the second quarter. Commonwealth Equity Services LLC now owns 975,444 shares of the company’s stock worth $35,409,000 after buying an additional 580,866 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA PVAL opened at $38.48 on Thursday. The business has a fifty day moving average price of $37.29 and a two-hundred day moving average price of $36.41. The stock has a market capitalization of $579.12 million, a PE ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a fifty-two week low of $27.68 and a fifty-two week high of $38.63.

Putnam Focused Large Cap Value ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, September 6th were issued a $0.121 dividend. The ex-dividend date of this dividend was Friday, September 6th.

Putnam Focused Large Cap Value ETF 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.