CMC Financial Group Makes New $9.22 Million Investment in T. Rowe Price Capital Appreciation Premium Income ETF $TCAL

CMC Financial Group bought a new position in T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 378,162 shares of the company’s stock, valued at approximately $9,223,000. T. Rowe Price Capital Appreciation Premium Income ETF comprises approximately 17.1% of CMC Financial Group’s portfolio, making the stock its biggest holding. CMC Financial Group owned 0.06% of T. Rowe Price Capital Appreciation Premium Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NCM Capital Management LLC boosted its position in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 189.4% during the third quarter. NCM Capital Management LLC now owns 74,788 shares of the company’s stock valued at $1,824,000 after purchasing an additional 48,945 shares in the last quarter. Private Advisor Group LLC bought a new position in T. Rowe Price Capital Appreciation Premium Income ETF in the third quarter worth $336,000. Essex Financial Services Inc. lifted its position in T. Rowe Price Capital Appreciation Premium Income ETF by 173.7% during the third quarter. Essex Financial Services Inc. now owns 68,943 shares of the company’s stock valued at $1,682,000 after buying an additional 43,752 shares during the period. Cornerstone Advisory LLC purchased a new position in T. Rowe Price Capital Appreciation Premium Income ETF during the third quarter valued at $1,101,000. Finally, Founders Financial Alliance LLC bought a new stake in shares of T. Rowe Price Capital Appreciation Premium Income ETF during the 3rd quarter valued at $388,000.

T. Rowe Price Capital Appreciation Premium Income ETF Price Performance

NYSEARCA:TCAL opened at $22.79 on Thursday. The firm’s 50-day moving average price is $23.66 and its 200-day moving average price is $23.95. The company has a market capitalization of $227.90 million, a PE ratio of 25.37 and a beta of 0.92. T. Rowe Price Capital Appreciation Premium Income ETF has a 1-year low of $22.77 and a 1-year high of $29.81.

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.