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

PNC Financial Services Group Inc. grew its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 315.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,731 shares of the company’s stock after purchasing an additional 37,747 shares during the quarter. PNC Financial Services Group Inc. owned about 0.33% of Putnam Focused Large Cap Value ETF worth $1,887,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PVAL. CWM LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at about $61,000,000. Cetera Investment Advisers raised its holdings in shares of 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 worth $24,634,000 after buying an additional 595,811 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Putnam Focused Large Cap Value ETF by 147.2% in the 2nd 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 in the last quarter. GGM Financials LLC bought a new stake in Putnam Focused Large Cap Value ETF in the second quarter valued at $14,259,000. Finally, Sowa Financial Group Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 335.4% during the third quarter. Sowa Financial Group Inc. now owns 326,482 shares of the company’s stock valued at $12,387,000 after acquiring an additional 251,495 shares during the period.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $39.82 on Wednesday. Putnam Focused Large Cap Value ETF has a twelve month low of $29.82 and a twelve month high of $39.97. The firm has a market cap of $599.29 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. The firm’s 50-day simple moving average is $38.36 and its 200-day simple moving average is $37.12.

Putnam Focused Large Cap Value ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, September 6th were issued a $0.121 dividend. The ex-dividend date was Friday, September 6th.

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.