48,247 Shares of T. Rowe Price Capital Appreciation Premium Income ETF $TCAL Bought by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC bought a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 48,247 shares of the company’s stock, valued at approximately $1,054,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TCAL. CMC Financial Group boosted its holdings in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 2.7% in the first quarter. CMC Financial Group now owns 386,095 shares of the company’s stock valued at $8,629,000 after buying an additional 10,197 shares during the period. Waterfront Wealth Inc. raised its position in T. Rowe Price Capital Appreciation Premium Income ETF by 13.6% in the 1st quarter. Waterfront Wealth Inc. now owns 343,154 shares of the company’s stock valued at $7,669,000 after buying an additional 41,064 shares during the last quarter. Royal Bank of Canada lifted its stake in T. Rowe Price Capital Appreciation Premium Income ETF by 2,816.7% in the 1st quarter. Royal Bank of Canada now owns 308,328 shares of the company’s stock valued at $6,891,000 after acquiring an additional 297,757 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in T. Rowe Price Capital Appreciation Premium Income ETF by 18.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 200,714 shares of the company’s stock valued at $4,486,000 after acquiring an additional 30,641 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in T. Rowe Price Capital Appreciation Premium Income ETF by 41.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 174,224 shares of the company’s stock valued at $3,868,000 after acquiring an additional 50,998 shares in the last quarter.

T. Rowe Price Capital Appreciation Premium Income ETF Price Performance

NYSEARCA:TCAL traded up $0.14 during trading hours on Thursday, reaching $22.77. 30,687 shares of the stock were exchanged, compared to its average volume of 108,069. T. Rowe Price Capital Appreciation Premium Income ETF has a twelve month low of $21.73 and a twelve month high of $25.08. The firm has a 50 day moving average of $22.64 and a 200 day moving average of $22.52. The stock has a market cap of $314.23 million, a PE ratio of 25.37 and a beta of 0.24.

T. Rowe Price Capital Appreciation Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were issued a $0.1782 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 9.4%. This is a boost from T. Rowe Price Capital Appreciation Premium Income ETF’s previous monthly dividend of $0.1739. The ex-dividend date was Wednesday, September 30th.

T. Rowe Price Capital Appreciation Premium Income ETF Company Profile

The T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) is an exchange-traded fund managed by T. Rowe Price. The fund aims to provide regular distributions while seeking capital preservation and potential for capital appreciation. It achieves this by investing primarily in U.S. equities and employing a covered call options strategy. This approach involves writing call options on individual stocks to generate income through premiums, which can enhance current income and help offset potential downside risks.