Envestnet Asset Management Inc. Acquires 2,283,858 Shares of Thrivent Small-Mid Cap Equity ETF $TSME

Envestnet Asset Management Inc. lifted its holdings in shares of Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) by 108.0% in the third quarter, Holdings Channel.com reports. The fund owned 4,398,789 shares of the company’s stock after purchasing an additional 2,283,858 shares during the quarter. Envestnet Asset Management Inc. owned 0.28% of Thrivent Small-Mid Cap Equity ETF worth $182,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSME. Jane Street Group LLC acquired a new position in Thrivent Small-Mid Cap Equity ETF in the first quarter worth about $267,000. Thrivent Financial for Lutherans grew its stake in shares of Thrivent Small-Mid Cap Equity ETF by 42,124.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,944,956 shares of the company’s stock valued at $184,793,000 after purchasing an additional 4,933,245 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Thrivent Small-Mid Cap Equity ETF in the 2nd quarter worth approximately $35,000. Commonwealth Equity Services LLC lifted its position in shares of Thrivent Small-Mid Cap Equity ETF by 22.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 153,943 shares of the company’s stock worth $6,387,000 after buying an additional 27,742 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in shares of Thrivent Small-Mid Cap Equity ETF during the 3rd quarter worth approximately $71,000.

Thrivent Small-Mid Cap Equity ETF Price Performance

Shares of NYSEARCA:TSME opened at $44.83 on Friday. The business’s fifty day moving average price is $43.27 and its two-hundred day moving average price is $41.73. Thrivent Small-Mid Cap Equity ETF has a fifty-two week low of $28.07 and a fifty-two week high of $45.93. The stock has a market capitalization of $901.08 million, a price-to-earnings ratio of 19.48 and a beta of 1.34.

Thrivent Small-Mid Cap Equity ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.0695 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a dividend yield of 16.0%.

Thrivent Small-Mid Cap Equity ETF Company Profile

The Thrivent Small-Mid Cap ESG ETF (TSME) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed, non-transparent ETF that invests in stocks of global mid- and small-cap companies screened for long-term sustainable business models and ESG commitment. The fund utilizes the Natixis\u002FNYSE non-transparent model. TSME was launched on Oct 5, 2022 and is managed by Thrivent.