Cox Capital Mgt LLC Sells 700 Shares of Putnam Focused Large Cap Value ETF $PVAL

Cox Capital Mgt LLC lessened its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 3.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 22,079 shares of the company’s stock after selling 700 shares during the quarter. Cox Capital Mgt LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Private Wealth Services LLC increased its position in Putnam Focused Large Cap Value ETF by 10.1% during the first quarter. Kestra Private Wealth Services LLC now owns 65,862 shares of the company’s stock valued at $2,508,000 after acquiring an additional 6,048 shares during the last quarter. Castle Wealth Management LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth about $5,174,000. Rollins Financial Advisors LLC grew its holdings in Putnam Focused Large Cap Value ETF by 235.1% during the 1st quarter. Rollins Financial Advisors LLC now owns 55,783 shares of the company’s stock valued at $2,124,000 after purchasing an additional 39,137 shares during the last quarter. Key Client Fiduciary Advisors LLC grew its holdings in Putnam Focused Large Cap Value ETF by 4.9% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 9,408 shares of the company’s stock valued at $358,000 after purchasing an additional 438 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Putnam Focused Large Cap Value ETF by 140.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,044,169 shares of the company’s stock worth $39,762,000 after purchasing an additional 609,468 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA:PVAL opened at $42.21 on Friday. Putnam Focused Large Cap Value ETF has a 1 year low of $32.83 and a 1 year high of $42.96. The business has a 50 day simple moving average of $41.49 and a two-hundred day simple moving average of $39.25. The firm has a market capitalization of $3.90 billion, a PE ratio of 17.86 and a beta of 0.89.

Putnam Focused Large Cap Value ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, July 7th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, July 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%.

About Putnam Focused Large Cap Value ETF

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.