Thrivent Financial for Lutherans Invests $789,000 in AdvisorShares Focused Equity ETF $CWS

Thrivent Financial for Lutherans purchased a new stake in shares of AdvisorShares Focused Equity ETF (NYSEARCA:CWS) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 11,498 shares of the company’s stock, valued at approximately $789,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Assetmark Inc. raised its position in AdvisorShares Focused Equity ETF by 86.0% in the second quarter. Assetmark Inc. now owns 372 shares of the company’s stock valued at $26,000 after purchasing an additional 172 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in AdvisorShares Focused Equity ETF by 7.7% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,503 shares of the company’s stock valued at $240,000 after buying an additional 249 shares during the period. D.A. Davidson & CO. lifted its position in AdvisorShares Focused Equity ETF by 2.9% in the third quarter. D.A. Davidson & CO. now owns 8,775 shares of the company’s stock valued at $602,000 after buying an additional 250 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in AdvisorShares Focused Equity ETF by 9.5% during the third quarter. Cornerstone Wealth Management LLC now owns 4,640 shares of the company’s stock worth $318,000 after buying an additional 402 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of AdvisorShares Focused Equity ETF during the second quarter valued at about $86,000. 7.19% of the stock is currently owned by institutional investors and hedge funds.

AdvisorShares Focused Equity ETF Stock Performance

Shares of CWS stock opened at $67.42 on Monday. The firm has a market cap of $172.60 million, a P/E ratio of 143.45 and a beta of 0.97. The firm’s 50 day moving average price is $69.57 and its 200-day moving average price is $68.84. AdvisorShares Focused Equity ETF has a one year low of $58.36 and a one year high of $72.08.

About AdvisorShares Focused Equity ETF

The AdvisorShares Focused Equity ETF (CWS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively-managed ETF that aims to achieve long-term capital appreciation and outperform the S&P 500 Index by holding a focused group of US-listed stocks using proprietary models. CWS was launched on Sep 20, 2016 and is managed by AdvisorShares.