MGO One Seven LLC Makes New $1.24 Million Investment in RH Tactical Rotation ETF $RHRX

MGO One Seven LLC bought a new position in RH Tactical Rotation ETF (NYSEARCA:RHRX) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 57,785 shares of the company’s stock, valued at approximately $1,241,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Partners Wealth Management LLC boosted its holdings in shares of RH Tactical Rotation ETF by 492.4% during the third quarter. Partners Wealth Management LLC now owns 1,285,309 shares of the company’s stock valued at $27,596,000 after acquiring an additional 1,068,344 shares during the period. Avior Wealth Management LLC acquired a new stake in shares of RH Tactical Rotation ETF in the 3rd quarter worth about $685,000. NewEdge Advisors LLC increased 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 period. Finally, IFP Advisors Inc acquired a new stake in shares of RH Tactical Rotation ETF in the 3rd quarter worth about $546,000.

RH Tactical Rotation ETF Stock Down 2.6%

Shares of NYSEARCA:RHRX opened at $20.91 on Friday. The company has a market cap of $56.67 million, a PE ratio of 22.83 and a beta of 0.92. The company’s 50-day moving average price is $21.59 and its 200 day moving average price is $20.89. RH Tactical Rotation ETF has a fifty-two week low of $17.46 and a fifty-two week high of $23.45.

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.