T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL – Get Free Report) shares traded up 1.6% during mid-day trading on Monday. The stock traded as high as $23.49 and last traded at $23.47. 102,380 shares were traded during mid-day trading, a decline of 2% from the average session volume of 104,963 shares. The stock had previously closed at $23.10.
T. Rowe Price Capital Appreciation Premium Income ETF Stock Up 0.6%
The stock’s 50-day simple moving average is $22.67 and its 200 day simple moving average is $22.78. The company has a market cap of $329.64 million, a price-to-earnings ratio of 25.37 and a beta of 0.14.
T. Rowe Price Capital Appreciation Premium Income ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were paid a $0.1782 dividend. This is a positive change from T. Rowe Price Capital Appreciation Premium Income ETF’s previous monthly dividend of $0.1739. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 9.0%.
Hedge Funds Weigh In On T. Rowe Price Capital Appreciation Premium Income ETF
Large investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in T. Rowe Price Capital Appreciation Premium Income ETF by 6.6% in the second quarter. IFP Advisors Inc now owns 15,000 shares of the company’s stock valued at $333,000 after purchasing an additional 925 shares during the period. Wills Financial Group LLC lifted its stake in T. Rowe Price Capital Appreciation Premium Income ETF by 5.5% during the first quarter. Wills Financial Group LLC now owns 22,798 shares of the company’s stock worth $503,000 after purchasing an additional 1,183 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 5.2% during the second quarter. Prospera Financial Services Inc now owns 23,790 shares of the company’s stock worth $528,000 after buying an additional 1,185 shares during the period. Harbour Investments Inc. purchased a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF during the third quarter worth $41,000. Finally, Strategic Family Wealth Counselors L.L.C. boosted its position in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 15.0% during the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 15,289 shares of the company’s stock worth $334,000 after buying an additional 1,989 shares during the period.
About T. Rowe Price Capital Appreciation Premium Income ETF
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.
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