Pinnacle Wealth Management LLC Takes $2.95 Million Position in T. Rowe Price Capital Appreciation Premium Income ETF $TCAL

Pinnacle Wealth Management LLC purchased a new position in T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 119,225 shares of the company’s stock, valued at approximately $2,945,000. T. Rowe Price Capital Appreciation Premium Income ETF accounts for about 2.5% of Pinnacle Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. Pinnacle Wealth Management LLC owned 3.51% of T. Rowe Price Capital Appreciation Premium Income ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TCAL. Jane Street Group LLC purchased a new stake in T. Rowe Price Capital Appreciation Premium Income ETF in the first quarter worth $657,000. Lowe Wealth Advisors LLC purchased a new stake in T. Rowe Price Capital Appreciation Premium Income ETF in the second quarter worth $878,000. SK Wealth Management LLC grew its stake in T. Rowe Price Capital Appreciation Premium Income ETF by 7.4% in the second quarter. SK Wealth Management LLC now owns 101,103 shares of the company’s stock worth $2,498,000 after purchasing an additional 6,981 shares during the period. Lighthouse Wealth Management Inc. purchased a new stake in T. Rowe Price Capital Appreciation Premium Income ETF in the second quarter worth $619,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in T. Rowe Price Capital Appreciation Premium Income ETF in the second quarter worth $201,000.

T. Rowe Price Capital Appreciation Premium Income ETF Stock Up 0.8%

Shares of TCAL stock opened at $24.49 on Friday. The stock has a market cap of $143.27 million and a price-to-earnings ratio of 25.37. The business’s fifty day moving average is $24.52 and its 200 day moving average is $24.60. T. Rowe Price Capital Appreciation Premium Income ETF has a twelve month low of $23.24 and a twelve month 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.