Thrivent Financial for Lutherans Purchases 434,735 Shares of Tema American Reshoring ETF (NYSEARCA:RSHO)

Thrivent Financial for Lutherans raised its holdings in shares of Tema American Reshoring ETF (NYSEARCA:RSHO) by 44.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,418,833 shares of the company’s stock after acquiring an additional 434,735 shares during the period. Thrivent Financial for Lutherans owned about 2.68% of Tema American Reshoring ETF worth $53,461,000 at the end of the most recent quarter.

Separately, Park Edge Advisors LLC purchased a new position in shares of Tema American Reshoring ETF during the 3rd quarter worth $1,474,000.

Tema American Reshoring ETF Stock Performance

Shares of NYSEARCA RSHO opened at $39.77 on Tuesday. The firm’s fifty day moving average is $37.95 and its two-hundred day moving average is $36.21. Tema American Reshoring ETF has a 52-week low of $28.78 and a 52-week high of $41.07. The company has a market cap of $21.08 million, a P/E ratio of 22.93 and a beta of 1.16.

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.