Thrivent Financial for Lutherans Invests $2.19 Million in Invesco Russell 1000 Equal Weight ETF $EQAL

Thrivent Financial for Lutherans purchased a new stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 42,155 shares of the company’s stock, valued at approximately $2,192,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. raised its holdings in Invesco Russell 1000 Equal Weight ETF by 9.9% during the second quarter. Harbour Investments Inc. now owns 3,151 shares of the company’s stock worth $155,000 after buying an additional 285 shares during the last quarter. Fiduciary Financial Group LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter valued at about $203,000. Cahill Financial Advisors Inc. bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter worth about $208,000. Captrust Financial Advisors bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the second quarter worth about $203,000. Finally, Touchstone Capital Inc. acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth about $286,000.

Invesco Russell 1000 Equal Weight ETF Stock Performance

Shares of NYSEARCA EQAL opened at $56.85 on Wednesday. The stock has a market cap of $741.89 million, a price-to-earnings ratio of 18.07 and a beta of 1.00. Invesco Russell 1000 Equal Weight ETF has a fifty-two week low of $40.85 and a fifty-two week high of $56.99. The firm’s 50-day simple moving average is $54.04 and its 200 day simple moving average is $52.40.

About Invesco Russell 1000 Equal Weight ETF

The Invesco Russell 1000 Equal Weight ETF (EQAL) is an exchange-traded fund that is based on the Russell 1000 Equal Weight index. The fund tracks an index of the 1,000 largest US stocks. Each sector receives equal weight, and each stock within a sector receives equal weight. EQAL was launched on Dec 23, 2014 and is managed by Invesco.