Partners Wealth Management LLC raised its position in shares of RH Tactical Rotation ETF (NYSEARCA:RHRX – Free Report) by 492.4% during the third quarter, HoldingsChannel reports. The fund owned 1,285,309 shares of the company’s stock after acquiring an additional 1,068,344 shares during the quarter. RH Tactical Rotation ETF accounts for approximately 2.9% of Partners Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. Partners Wealth Management LLC owned about 0.48% of RH Tactical Rotation ETF worth $27,596,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of RH Tactical Rotation ETF by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 25,658 shares of the company’s stock worth $487,000 after acquiring an additional 646 shares during the last quarter. IFP Advisors Inc bought a new position in RH Tactical Rotation ETF during the 3rd quarter valued at about $546,000. Finally, Avior Wealth Management LLC bought a new position in RH Tactical Rotation ETF during the 3rd quarter valued at about $685,000.
RH Tactical Rotation ETF Price Performance
RH Tactical Rotation ETF stock opened at $21.80 on Friday. RH Tactical Rotation ETF has a 1-year low of $17.46 and a 1-year high of $23.45. The firm has a market capitalization of $58.21 million, a P/E ratio of 22.83 and a beta of 0.92. The company’s 50-day moving average is $21.62 and its 200 day moving average is $20.82.
About RH Tactical Rotation ETF
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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