176,495 Shares in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 176,495 shares of the company’s stock, valued at approximately $6,696,000. Putnam Focused Large Cap Value ETF comprises 1.3% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in PVAL. Northwestern Mutual Wealth Management Co. bought a new position in Putnam Focused Large Cap Value ETF in the second quarter worth approximately $40,000. Clear Point Advisors Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at $61,000. Allworth Financial LP grew its holdings in shares of Putnam Focused Large Cap Value ETF by 79.8% during the third quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock valued at $98,000 after buying an additional 1,145 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth about $205,000. Finally, Cozad Asset Management Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $208,000.

Putnam Focused Large Cap Value ETF Stock Down 0.6 %

PVAL stock traded down $0.25 during mid-day trading on Friday, reaching $38.78. 366,145 shares of the company traded hands, compared to its average volume of 220,622. The stock has a market cap of $583.64 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a fifty-two week low of $29.57 and a fifty-two week high of $39.65. The firm’s 50 day moving average price is $38.02 and its 200 day moving average price is $36.91.

Putnam Focused Large Cap Value ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, September 10th. Shareholders 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.