Janney Montgomery Scott LLC Buys 84,257 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Janney Montgomery Scott LLC increased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 88.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,132 shares of the company’s stock after buying an additional 84,257 shares during the period. Janney Montgomery Scott LLC owned 1.19% of Putnam Focused Large Cap Value ETF worth $6,796,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CWM LLC purchased a new position in Putnam Focused Large Cap Value ETF during the 3rd quarter valued at $61,000,000. Cetera Investment Advisers lifted its position in Putnam Focused Large Cap Value ETF by 636.3% in the 1st quarter. Cetera Investment Advisers now owns 689,454 shares of the company’s stock valued at $24,634,000 after acquiring an additional 595,811 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of 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 valued at $35,409,000 after buying an additional 580,866 shares during the last quarter. GGM Financials LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter valued at about $14,259,000. Finally, Sowa Financial Group Inc. grew its position in Putnam Focused Large Cap Value ETF by 335.4% in the 3rd quarter. Sowa Financial Group Inc. now owns 326,482 shares of the company’s stock worth $12,387,000 after purchasing an additional 251,495 shares during the period.

Putnam Focused Large Cap Value ETF Trading Up 0.4 %

PVAL opened at $39.37 on Friday. The company has a market cap of $592.52 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a 12-month low of $28.80 and a 12-month high of $39.56. The company’s 50 day moving average is $37.81 and its 200 day moving average is $36.77.

Putnam Focused Large Cap Value ETF Dividend Announcement

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