HighTower Advisors LLC Takes $4.76 Million Position in T. Rowe Price Hedged Equity ETF $THEQ

HighTower Advisors LLC acquired a new position in shares of T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 170,963 shares of the company’s stock, valued at approximately $4,762,000. HighTower Advisors LLC owned 0.21% of T. Rowe Price Hedged Equity ETF as of its most recent SEC filing.

Separately, Jane Street Group LLC acquired a new stake in T. Rowe Price Hedged Equity ETF during the 2nd quarter worth about $405,000.

T. Rowe Price Hedged Equity ETF Trading Up 0.7%

THEQ stock opened at $28.39 on Wednesday. The firm has a market cap of $34.92 million, a PE ratio of 24.54 and a beta of 0.73. The stock has a 50-day moving average price of $28.22 and a 200-day moving average price of $27.92. T. Rowe Price Hedged Equity ETF has a 1-year low of $22.97 and a 1-year high of $28.51.

About T. Rowe Price Hedged Equity ETF

THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.