T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) Raises Dividend to $0.18 Per Share

T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) declared a monthly dividend on Tuesday, September 29th. Investors of record on Wednesday, September 30th will be given a dividend of $0.1782 per share on Friday, October 2nd. This represents a $2.14 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 2.5% increase from T. Rowe Price Capital Appreciation Premium Income ETF’s previous monthly dividend of $0.1739.

T. Rowe Price Capital Appreciation Premium Income ETF Trading Down 0.0%

Shares of T. Rowe Price Capital Appreciation Premium Income ETF stock opened at $22.18 on Wednesday. The stock has a 50-day moving average price of $22.76 and a 200 day moving average price of $22.56. The company has a market cap of $303.87 million, a P/E ratio of 25.37 and a beta of 0.19. T. Rowe Price Capital Appreciation Premium Income ETF has a 1 year low of $21.73 and a 1 year high of $25.08.

Institutional Trading of T. Rowe Price Capital Appreciation Premium Income ETF

A number of hedge funds have recently made changes to their positions in TCAL. CMC Financial Group boosted its holdings in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 2.7% during the first quarter. CMC Financial Group now owns 386,095 shares of the company’s stock worth $8,629,000 after purchasing an additional 10,197 shares during the period. Waterfront Wealth Inc. boosted its stake in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 13.6% during 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 period. Royal Bank of Canada boosted its stake in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 2,816.7% during the 1st quarter. Royal Bank of Canada now owns 308,328 shares of the company’s stock valued at $6,891,000 after buying an additional 297,757 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 18.0% in the first quarter. Janney Montgomery Scott LLC now owns 200,714 shares of the company’s stock worth $4,486,000 after acquiring an additional 30,641 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 41.4% during the second quarter. Concurrent Investment Advisors LLC now owns 174,224 shares of the company’s stock worth $3,868,000 after acquiring an additional 50,998 shares in the last quarter.

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.