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

Thrivent Financial for Lutherans lifted its stake in Tema American Reshoring ETF (NYSEARCA:RSHO) by 405.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,803,201 shares of the company’s stock after purchasing an additional 1,446,253 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.41% of Tema American Reshoring ETF worth $80,112,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. WealthBridge Capital Management LLC boosted its position in shares of Tema American Reshoring ETF by 5.5% in the 3rd quarter. WealthBridge Capital Management LLC now owns 24,025 shares of the company’s stock worth $1,033,000 after purchasing an additional 1,250 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Tema American Reshoring ETF by 43.1% in the 3rd quarter. Advisory Services Network LLC now owns 7,885 shares of the company’s stock worth $339,000 after purchasing an additional 2,374 shares in the last quarter. Inspire Advisors LLC boosted its position in shares of Tema American Reshoring ETF by 3.6% in the 3rd quarter. Inspire Advisors LLC now owns 68,781 shares of the company’s stock worth $2,957,000 after purchasing an additional 2,412 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Tema American Reshoring ETF by 4.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 95,857 shares of the company’s stock worth $4,128,000 after purchasing an additional 4,387 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Tema American Reshoring ETF in the 3rd quarter worth approximately $235,000.

Tema American Reshoring ETF Stock Down 2.7%

Shares of RSHO opened at $56.68 on Friday. 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 52 week low of $36.64 and a 52 week high of $59.40. The stock has a market cap of $263.56 million, a P/E ratio of 26.43 and a beta of 1.36.

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.