Partners Wealth Management LLC Boosts Stock Position in RH Tactical Rotation ETF $RHRX

Partners Wealth Management LLC increased its position in shares of RH Tactical Rotation ETF (NYSEARCA:RHRX) by 40.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,936 shares of the company’s stock after buying an additional 56,041 shares during the period. RH Tactical Rotation ETF comprises approximately 3.8% of Partners Wealth Management LLC’s holdings, making the stock its 5th largest holding. Partners Wealth Management LLC owned about 16.38% of RH Tactical Rotation ETF worth $3,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in RHRX. Jane Street Group LLC purchased a new stake in RH Tactical Rotation ETF in the first quarter worth about $149,000. OLD Mission Capital LLC purchased a new position in RH Tactical Rotation ETF during the 4th quarter valued at about $305,000. NewEdge Advisors LLC raised its holdings in shares of RH Tactical Rotation ETF by 77.1% in the 4th quarter. NewEdge Advisors LLC now owns 25,012 shares of the company’s stock valued at $460,000 after purchasing an additional 10,890 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of RH Tactical Rotation ETF by 63.9% in the 3rd quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock worth $782,000 after purchasing an additional 16,724 shares during the period. Finally, LPL Financial LLC lifted its position in shares of RH Tactical Rotation ETF by 2.7% in the 4th quarter. LPL Financial LLC now owns 49,998 shares of the company’s stock worth $920,000 after purchasing an additional 1,313 shares during the period.

RH Tactical Rotation ETF Stock Performance

NYSEARCA RHRX opened at $22.04 on Wednesday. The firm’s 50 day moving average price is $21.62 and its 200-day moving average price is $19.93. RH Tactical Rotation ETF has a 52-week low of $16.40 and a 52-week high of $23.45. The company has a market cap of $35.48 million, a PE ratio of 22.83 and a beta of 0.92.

RH Tactical Rotation ETF Profile

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.