Thrivent Financial for Lutherans Acquires New Position in AdvisorShares Focused Equity ETF $CWS

Thrivent Financial for Lutherans purchased a new position in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,498 shares of the company’s stock, valued at approximately $789,000. Thrivent Financial for Lutherans owned 0.43% of AdvisorShares Focused Equity ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. D.A. Davidson & CO. increased its position in AdvisorShares Focused Equity ETF by 3.8% in the second quarter. D.A. Davidson & CO. now owns 8,525 shares of the company’s stock worth $597,000 after purchasing an additional 311 shares during the last quarter. Trademark Financial Management LLC raised its stake in shares of AdvisorShares Focused Equity ETF by 184.5% during the second quarter. Trademark Financial Management LLC now owns 64,687 shares of the company’s stock valued at $4,528,000 after acquiring an additional 41,946 shares in the last quarter. Mason & Associates Inc grew its position in shares of AdvisorShares Focused Equity ETF by 5.1% during the 2nd quarter. Mason & Associates Inc now owns 41,434 shares of the company’s stock worth $2,901,000 after buying an additional 1,992 shares in the last quarter. Assetmark Inc. lifted its position in shares of AdvisorShares Focused Equity ETF by 86.0% in the 2nd quarter. Assetmark Inc. now owns 372 shares of the company’s stock worth $26,000 after purchasing an additional 172 shares during the period. Finally, Cetera Investment Advisers boosted its position in AdvisorShares Focused Equity ETF by 9.6% during the 2nd quarter. Cetera Investment Advisers now owns 35,671 shares of the company’s stock valued at $2,497,000 after acquiring an additional 3,125 shares in the last quarter. Institutional investors own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Price Performance

Shares of CWS stock opened at $67.42 on Monday. The company has a market cap of $172.60 million, a P/E ratio of 143.45 and a beta of 0.97. The stock’s 50-day moving average is $69.57 and its 200 day moving average is $68.84. AdvisorShares Focused Equity ETF has a 1-year low of $58.36 and a 1-year high of $72.08.

AdvisorShares Focused Equity ETF Profile

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.