M Holdings Securities Inc. Invests $2.20 Million 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) during the 4th quarter, HoldingsChannel reports. The fund bought 48,724 shares of the company’s stock, valued at approximately $2,201,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC boosted its holdings in shares of T. Rowe Price Equity Income ETF by 1.3% during the 4th quarter. CWM LLC now owns 78,261 shares of the company’s stock worth $3,535,000 after purchasing an additional 981 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of T. Rowe Price Equity Income ETF by 10.7% during the 4th quarter. ORG Partners LLC now owns 10,172 shares of the company’s stock worth $459,000 after purchasing an additional 985 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of T. Rowe Price Equity Income ETF by 3.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 58,581 shares of the company’s stock worth $2,646,000 after purchasing an additional 1,722 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of T. Rowe Price Equity Income ETF by 11.4% during the 1st quarter. Royal Bank of Canada now owns 17,424 shares of the company’s stock worth $730,000 after purchasing an additional 1,782 shares during the last quarter. Finally, Triangle Securities Wealth Management boosted its holdings in shares of T. Rowe Price Equity Income ETF by 12.8% during the 4th quarter. Triangle Securities Wealth Management now owns 17,483 shares of the company’s stock worth $790,000 after purchasing an additional 1,984 shares during the last quarter.

T. Rowe Price Equity Income ETF Price Performance

Shares of T. Rowe Price Equity Income ETF stock opened at $49.24 on Thursday. The stock has a market cap of $401.31 million, a P/E ratio of 17.60 and a beta of 0.76. The stock’s 50 day simple moving average is $48.16 and its 200-day simple moving average is $46.68. T. Rowe Price Equity Income ETF has a 1-year low of $41.53 and a 1-year high of $50.20.

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. Rowe Price.