Waterfront Wealth Inc. Acquires 41,064 Shares of T. Rowe Price Capital Appreciation Premium Income ETF $TCAL

Waterfront Wealth Inc. raised its holdings in shares of T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) by 13.6% in the 1st quarter, Holdings Channel reports. The firm owned 343,154 shares of the company’s stock after purchasing an additional 41,064 shares during the quarter. T. Rowe Price Capital Appreciation Premium Income ETF accounts for 1.4% of Waterfront Wealth Inc.’s holdings, making the stock its 13th biggest holding. Waterfront Wealth Inc.’s holdings in T. Rowe Price Capital Appreciation Premium Income ETF were worth $7,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TCAL. Jane Street Group LLC purchased a new stake in shares of T. Rowe Price Capital Appreciation Premium Income ETF during the first quarter valued at $657,000. NCM Capital Management LLC purchased a new position in T. Rowe Price Capital Appreciation Premium Income ETF in the 2nd quarter worth about $639,000. Private Advisor Group LLC bought a new stake in T. Rowe Price Capital Appreciation Premium Income ETF during the 3rd quarter valued at about $336,000. CMC Financial Group bought a new stake in T. Rowe Price Capital Appreciation Premium Income ETF during the 3rd quarter valued at about $9,223,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in T. Rowe Price Capital Appreciation Premium Income ETF in the 4th quarter valued at about $202,000.

T. Rowe Price Capital Appreciation Premium Income ETF Price Performance

Shares of TCAL stock opened at $22.65 on Friday. The company has a market capitalization of $280.86 million, a P/E ratio of 25.37 and a beta of 0.22. The company’s 50-day simple moving average is $22.25 and its two-hundred day simple moving average is $22.96. T. Rowe Price Capital Appreciation Premium Income ETF has a one year low of $21.73 and a one year high of $25.21.

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.