Sequoia Financial Advisors LLC purchased a new stake in shares of Parnassus Core Select ETF (NYSEARCA:PRCS – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,915 shares of the company’s stock, valued at approximately $948,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in Parnassus Core Select ETF during the 4th quarter worth about $39,000. Apella Capital LLC bought a new position in shares of Parnassus Core Select ETF in the 1st quarter valued at about $236,000. Steward Partners Investment Advisory LLC bought a new position in shares of Parnassus Core Select ETF in the 4th quarter valued at about $293,000. Allegheny Financial Group grew its position in shares of Parnassus Core Select ETF by 16.8% during the 1st quarter. Allegheny Financial Group now owns 162,987 shares of the company’s stock worth $4,075,000 after buying an additional 23,441 shares during the period. Finally, MML Investors Services LLC acquired a new stake in shares of Parnassus Core Select ETF during the 4th quarter worth approximately $636,000.
Parnassus Core Select ETF Price Performance
PRCS opened at $28.42 on Friday. The firm has a 50 day simple moving average of $27.98 and a 200 day simple moving average of $27.14. Parnassus Core Select ETF has a fifty-two week low of $24.22 and a fifty-two week high of $29.00. The company has a market cap of $173.36 million, a price-to-earnings ratio of 31.55 and a beta of 0.87.
Parnassus Core Select ETF Profile
The Parnassus Core Select ETF (PRCS) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in a concentrated portfolio of 20-30 large-cap US equity securities. The fund focuses on both value and growth stocks, emphasizing strong financials and sustainable business practices while seeking to minimize exposure to market risk PRCS was launched on Dec 12, 2024 and is issued by Parnassus Investments.
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