M Holdings Securities Inc. Makes New $1.99 Million Investment in T. Rowe Price Equity Income ETF $TEQI

M Holdings Securities Inc. bought a new position in shares of T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) in the second quarter, Holdings Channel reports. The institutional investor bought 46,853 shares of the company’s stock, valued at approximately $1,986,000.

Several other hedge funds have also recently modified their holdings of TEQI. Price T Rowe Associates Inc. MD increased its stake in T. Rowe Price Equity Income ETF by 12.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,404,101 shares of the company’s stock worth $100,665,000 after buying an additional 270,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of T. Rowe Price Equity Income ETF by 37.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 42,535 shares of the company’s stock valued at $1,781,000 after acquiring an additional 11,690 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of T. Rowe Price Equity Income ETF by 11.4% in the first quarter. Royal Bank of Canada now owns 17,424 shares of the company’s stock worth $730,000 after acquiring an additional 1,782 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of T. Rowe Price Equity Income ETF in the first quarter worth approximately $616,000. Finally, Triangle Securities Wealth Management increased its position in shares of T. Rowe Price Equity Income ETF by 109.8% during the second quarter. Triangle Securities Wealth Management now owns 14,410 shares of the company’s stock worth $613,000 after purchasing an additional 7,543 shares in the last quarter.

T. Rowe Price Equity Income ETF Stock Performance

NYSEARCA TEQI opened at $44.71 on Friday. The business has a fifty day moving average price of $43.72 and a 200 day moving average price of $43.06. The company has a market cap of $344.27 million, a P/E ratio of 17.60 and a beta of 0.85. T. Rowe Price Equity Income ETF has a one year low of $36.21 and a one year high of $44.76.

About T. Rowe Price Equity Income ETF

The T. Rowe Price Equity Income ETF (TEQI) is an exchange-traded fund that is based on the Russell 1000 Value index. The ETF currently has 106.18m in AUM and 111 holdings. TEQI is an actively-managed, non-transparent fund of global large-cap companies that are positioned to outperform the Russell 1000 Value Index TEQI was launched on Aug 4, 2020 and is managed by T.