Tema American Reshoring ETF $RSHO Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in Tema American Reshoring ETF (NYSEARCA:RSHO) by 73.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 356,948 shares of the company’s stock after selling 1,002,392 shares during the period. Thrivent Financial for Lutherans owned about 8.84% of Tema American Reshoring ETF worth $15,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Flow Traders U.S. LLC purchased a new stake in Tema American Reshoring ETF in the second quarter valued at $1,229,000. WealthBridge Capital Management LLC purchased a new position in shares of Tema American Reshoring ETF during the 2nd quarter valued at about $894,000. Truist Financial Corp lifted its holdings in shares of Tema American Reshoring ETF by 1.7% in the 2nd quarter. Truist Financial Corp now owns 29,409 shares of the company’s stock valued at $1,155,000 after buying an additional 495 shares during the period. Inspire Advisors LLC lifted its holdings in shares of Tema American Reshoring ETF by 44.2% in the 2nd quarter. Inspire Advisors LLC now owns 66,369 shares of the company’s stock valued at $2,606,000 after buying an additional 20,357 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake 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 last quarter.

Tema American Reshoring ETF Stock Up 1.6%

Tema American Reshoring ETF stock opened at $50.52 on Wednesday. The business’s 50-day moving average price is $46.17 and its 200 day moving average price is $43.84. The firm has a market cap of $220.77 million, a price-to-earnings ratio of 26.43 and a beta of 1.44. Tema American Reshoring ETF has a 52 week low of $29.42 and a 52 week high of $50.86.

Tema American Reshoring ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, December 10th were issued a dividend of $0.1313 per share. This represents a dividend yield of 29.0%. The ex-dividend date of this dividend was Wednesday, December 10th.

Tema American Reshoring ETF Company Profile

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.