T. Rowe Price Capital Appreciation Premium Income ETF $TCAL Shares Sold by James T. Borello RIA

James T. Borello RIA trimmed its stake in shares of T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) by 65.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,594 shares of the company’s stock after selling 22,352 shares during the quarter. James T. Borello RIA owned approximately 0.08% of T. Rowe Price Capital Appreciation Premium Income ETF worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. HB Wealth Management LLC acquired a new stake in T. Rowe Price Capital Appreciation Premium Income ETF in the first quarter valued at approximately $206,000. Gateway Wealth Partners LLC acquired a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF during the first quarter worth $219,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF during the first quarter worth $220,000. Fifth Third Bancorp acquired a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF during the first quarter worth $224,000. Finally, Kestra Private Wealth Services LLC bought a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF in the 1st quarter valued at $232,000.

T. Rowe Price Capital Appreciation Premium Income ETF Stock Performance

Shares of TCAL traded up $0.11 during trading hours on Friday, reaching $22.90. The stock had a trading volume of 31,852 shares, compared to its average volume of 107,740. T. Rowe Price Capital Appreciation Premium Income ETF has a 12 month low of $21.73 and a 12 month high of $25.08. The stock has a market capitalization of $316.02 million, a PE ratio of 25.37 and a beta of 0.24. The company’s 50-day moving average is $22.64 and its two-hundred day moving average is $22.53.

T. Rowe Price Capital Appreciation Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were issued a $0.1782 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a boost from T. Rowe Price Capital Appreciation Premium Income ETF’s previous monthly dividend of $0.1739.

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.