Waterfront Wealth Inc. Raises Position in T. Rowe Price Capital Appreciation Premium Income ETF $TCAL

Waterfront Wealth Inc. grew its stake in T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) by 13.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 343,154 shares of the company’s stock after purchasing an additional 41,064 shares during the period. T. Rowe Price Capital Appreciation Premium Income ETF makes up about 1.4% of Waterfront Wealth Inc.’s portfolio, making the stock its 13th biggest position. Waterfront Wealth Inc. owned about 2.76% of T. Rowe Price Capital Appreciation Premium Income ETF worth $7,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF during the 1st quarter valued at approximately $657,000. NCM Capital Management LLC purchased a new position in T. Rowe Price Capital Appreciation Premium Income ETF during the second quarter worth $639,000. Private Advisor Group LLC bought a new position in T. Rowe Price Capital Appreciation Premium Income ETF during the third quarter valued at $336,000. CMC Financial Group bought a new position in T. Rowe Price Capital Appreciation Premium Income ETF during the third quarter valued at $9,223,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of T. Rowe Price Capital Appreciation Premium Income ETF in the fourth quarter valued at $202,000.

T. Rowe Price Capital Appreciation Premium Income ETF Stock Performance

T. Rowe Price Capital Appreciation Premium Income ETF stock opened at $22.65 on Friday. T. Rowe Price Capital Appreciation Premium Income ETF has a 12-month low of $21.73 and a 12-month high of $25.21. The firm has a 50-day moving average price of $22.25 and a 200-day moving average price of $22.96. The firm has a market capitalization of $280.86 million, a PE ratio of 25.37 and a beta of 0.22.

T. Rowe Price Capital Appreciation Premium Income ETF Profile

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.