Thrivent Financial for Lutherans Boosts Stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Thrivent Financial for Lutherans increased its position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 2.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,219 shares of the company’s stock after buying an additional 415 shares during the quarter. Thrivent Financial for Lutherans owned about 0.15% of Invesco Russell 1000 Equal Weight ETF worth $979,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at approximately $5,398,000. Miracle Mile Advisors LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at $4,143,000. Shade Tree Advisors LLC acquired a new stake in Invesco Russell 1000 Equal Weight ETF during the 4th quarter worth $993,000. Orion Portfolio Solutions LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF during the 3rd quarter worth $477,000. Finally, Raymond James Financial Inc. purchased a new position in Invesco Russell 1000 Equal Weight ETF during the 4th quarter worth $414,000.

Invesco Russell 1000 Equal Weight ETF Stock Performance

Shares of NYSEARCA:EQAL opened at $47.38 on Wednesday. Invesco Russell 1000 Equal Weight ETF has a one year low of $43.26 and a one year high of $52.18. The stock has a market capitalization of $607.89 million, a price-to-earnings ratio of 18.50 and a beta of 1.12. The company has a 50-day simple moving average of $48.91 and a 200-day simple moving average of $49.21.

Invesco Russell 1000 Equal Weight ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.2251 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco Russell 1000 Equal Weight ETF’s previous dividend of $0.17.

Invesco Russell 1000 Equal Weight ETF Profile

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.