Harbour Investments Inc. Grows Stock Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Harbour Investments Inc. increased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 11,566.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 48,884 shares of the company’s stock after acquiring an additional 48,465 shares during the period. Harbour Investments Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $1,855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth $40,000. Clear Point Advisors Inc. purchased a new position in Putnam Focused Large Cap Value ETF during the second quarter worth about $61,000. Allworth Financial LP boosted its stake in 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 worth $98,000 after buying an additional 1,145 shares during the period. Verdence Capital Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter valued at about $205,000. Finally, Cozad Asset Management Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter valued at approximately $208,000.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA:PVAL opened at $39.25 on Thursday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $29.38 and a fifty-two week high of $39.65. The company has a 50 day moving average price of $37.88 and a 200 day moving average price of $36.84. The stock has a market capitalization of $590.71 million, a P/E ratio of 16.48 and a beta of 0.82.

Putnam Focused Large Cap Value ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, September 6th were paid a $0.121 dividend. 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.