HighTower Advisors LLC Purchases New Stake 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 third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 170,963 shares of the company’s stock, valued at approximately $4,762,000. HighTower Advisors LLC owned 20.85% of T. Rowe Price Hedged Equity ETF at the end of the most recent reporting period.

Separately, Jane Street Group LLC bought a new stake in shares of T. Rowe Price Hedged Equity ETF during the second quarter worth approximately $405,000.

T. Rowe Price Hedged Equity ETF Trading Up 0.7%

T. Rowe Price Hedged Equity ETF stock opened at $28.39 on Wednesday. The company has a market capitalization of $34.92 million, a price-to-earnings ratio of 24.54 and a beta of 0.73. T. Rowe Price Hedged Equity ETF has a 12 month low of $22.97 and a 12 month high of $28.51. The stock’s 50 day moving average is $28.22 and its 200-day moving average is $27.92.

T. Rowe Price Hedged Equity ETF Profile

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.