PNC Financial Services Group Inc. Has $1.89 Million Holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

PNC Financial Services Group Inc. lifted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 315.0% during the third quarter, Holdings Channel.com reports. The firm owned 49,731 shares of the company’s stock after buying an additional 37,747 shares during the period. PNC Financial Services Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $1,887,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cetera Investment Advisers boosted its holdings in Putnam Focused Large Cap Value ETF by 636.3% in the first 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 during the last quarter. Cetera Advisors LLC lifted its position in Putnam Focused Large Cap Value ETF by 22.2% during the 1st quarter. Cetera Advisors LLC now owns 80,386 shares of the company’s stock valued at $2,872,000 after purchasing an additional 14,629 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 17.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 500,260 shares of the company’s stock valued at $17,874,000 after purchasing an additional 74,722 shares during the last quarter. Opal Wealth Advisors LLC grew its position in shares of Putnam Focused Large Cap Value ETF by 2.1% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,078,752 shares of the company’s stock worth $39,159,000 after buying an additional 21,827 shares during the period. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter worth approximately $320,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL stock opened at $39.82 on Wednesday. The firm’s 50 day moving average price is $38.36 and its two-hundred day moving average price is $37.12. Putnam Focused Large Cap Value ETF has a 52-week low of $29.82 and a 52-week high of $39.97. The stock has a market cap of $599.29 million, a PE ratio of 16.48 and a beta of 0.82.

Putnam Focused Large Cap Value ETF Dividend Announcement

The business also recently disclosed 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 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.