Thrivent Financial for Lutherans Purchases 1,446,253 Shares of Tema American Reshoring ETF $RSHO

Thrivent Financial for Lutherans grew its position in shares of Tema American Reshoring ETF (NYSEARCA:RSHO) by 405.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,803,201 shares of the company’s stock after purchasing an additional 1,446,253 shares during the period. Thrivent Financial for Lutherans owned about 41.26% of Tema American Reshoring ETF worth $80,112,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RSHO. Inspire Advisors LLC increased its holdings in shares of Tema American Reshoring ETF by 3.6% in the third quarter. Inspire Advisors LLC now owns 68,781 shares of the company’s stock worth $2,957,000 after buying an additional 2,412 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Tema American Reshoring ETF by 4.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 95,857 shares of the company’s stock worth $4,128,000 after buying an additional 4,387 shares during the period. WealthBridge Capital Management LLC increased its holdings in shares of Tema American Reshoring ETF by 5.5% in the third quarter. WealthBridge Capital Management LLC now owns 24,025 shares of the company’s stock worth $1,033,000 after buying an additional 1,250 shares during the period. Private Advisor Group LLC purchased a new position in shares of Tema American Reshoring ETF in the third quarter worth about $235,000. Finally, UBS Group AG increased its holdings in shares of Tema American Reshoring ETF by 104.2% in the third quarter. UBS Group AG now owns 170,467 shares of the company’s stock worth $7,329,000 after buying an additional 87,006 shares during the period.

Tema American Reshoring ETF Trading Down 2.7%

RSHO opened at $56.68 on Friday. The company has a market cap of $263.56 million, a P/E ratio of 26.43 and a beta of 1.36. The business’s 50-day moving average price is $53.06 and its 200-day moving average price is $49.34. Tema American Reshoring ETF has a 12 month low of $36.64 and a 12 month high of $59.40.

About Tema American Reshoring ETF

The Tema American Reshoring ETF (RSHO) is an exchange-traded fund that mostly invests in industrials equity. The fund actively manages a narrow portfolio of US stocks that are anticipated to benefit from deglobalization. The funds adviser combines a top-down and bottom-up approach to selecting and weighting fund holdings. RSHO was launched on May 11, 2023 and is managed by Tema.