Envestnet Asset Management Inc. Buys New Position in Tema American Reshoring ETF (NYSEARCA:RSHO)

Envestnet Asset Management Inc. purchased a new stake in Tema American Reshoring ETF (NYSEARCA:RSHO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,158 shares of the company’s stock, valued at approximately $416,000. Envestnet Asset Management Inc. owned about 2.11% of Tema American Reshoring ETF at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in shares of Tema American Reshoring ETF by 24.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,767,717 shares of the company’s stock valued at $67,105,000 after purchasing an additional 348,884 shares during the last quarter. Park Edge Advisors LLC increased its stake in Tema American Reshoring ETF by 75.9% in the 4th quarter. Park Edge Advisors LLC now owns 68,783 shares of the company’s stock valued at $2,566,000 after buying an additional 29,670 shares during the last quarter. Crew Capital Management Ltd. bought a new position in shares of Tema American Reshoring ETF during the 4th quarter worth approximately $416,000. GEM Asset Management LLC purchased a new position in shares of Tema American Reshoring ETF in the 4th quarter worth approximately $345,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Tema American Reshoring ETF in the fourth quarter valued at approximately $31,000.

Tema American Reshoring ETF Trading Up 0.1 %

Shares of RSHO opened at $35.81 on Tuesday. The stock has a 50 day moving average of $33.96 and a 200 day moving average of $37.16. The company has a market capitalization of $137.51 million, a price-to-earnings ratio of 21.32 and a beta of 1.16. Tema American Reshoring ETF has a 12 month low of $29.42 and a 12 month high of $41.82.

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.