MGO One Seven LLC bought a new stake in shares of RH Tactical Rotation ETF (NYSEARCA:RHRX – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 57,785 shares of the company’s stock, valued at approximately $1,241,000. MGO One Seven LLC owned about 2.16% of RH Tactical Rotation ETF at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Partners Wealth Management LLC lifted its position in shares of RH Tactical Rotation ETF by 492.4% in the 3rd quarter. Partners Wealth Management LLC now owns 1,285,309 shares of the company’s stock worth $27,596,000 after buying an additional 1,068,344 shares during the last quarter. Avior Wealth Management LLC bought a new stake in shares of RH Tactical Rotation ETF during the 3rd quarter valued at about $685,000. NewEdge Advisors LLC grew its position in shares of RH Tactical Rotation ETF by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 25,658 shares of the company’s stock valued at $487,000 after buying an additional 646 shares during the last quarter. Finally, IFP Advisors Inc acquired a new stake in RH Tactical Rotation ETF during the third quarter worth about $546,000.
RH Tactical Rotation ETF Stock Down 2.6%
RHRX opened at $20.91 on Friday. The company’s 50-day moving average price is $21.59 and its 200 day moving average price is $20.89. RH Tactical Rotation ETF has a fifty-two week low of $17.46 and a fifty-two week high of $23.45. The firm has a market cap of $56.67 million, a price-to-earnings ratio of 22.83 and a beta of 0.92.
RH Tactical Rotation ETF Profile
The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.
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