Riggs Capital Management LLC Acquires Shares of 81,512 T. Rowe Price Equity Income ETF (NYSEARCA:TEQI)

Riggs Capital Management LLC purchased a new stake in T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 81,512 shares of the company’s stock, valued at approximately $3,306,000. T. Rowe Price Equity Income ETF comprises about 3.2% of Riggs Capital Management LLC’s portfolio, making the stock its 8th largest holding. Riggs Capital Management LLC owned approximately 1.96% of T. Rowe Price Equity Income ETF as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TEQI. Cullen Frost Bankers Inc. lifted its position in T. Rowe Price Equity Income ETF by 66.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,030 shares of the company’s stock worth $42,000 after buying an additional 412 shares during the last quarter. Glass Jacobson Investment Advisors llc purchased a new stake in shares of T. Rowe Price Equity Income ETF in the third quarter valued at $42,000. Congress Wealth Management LLC DE bought a new stake in shares of T. Rowe Price Equity Income ETF in the 4th quarter worth about $408,000. D.A. Davidson & CO. boosted its stake in shares of T. Rowe Price Equity Income ETF by 31.5% during the 4th quarter. D.A. Davidson & CO. now owns 15,958 shares of the company’s stock worth $647,000 after purchasing an additional 3,822 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in T. Rowe Price Equity Income ETF by 14.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 20,031 shares of the company’s stock valued at $812,000 after purchasing an additional 2,455 shares during the last quarter.

T. Rowe Price Equity Income ETF Stock Performance

TEQI opened at $41.49 on Monday. The stock’s 50 day moving average price is $42.16 and its 200-day moving average price is $41.91. T. Rowe Price Equity Income ETF has a one year low of $37.63 and a one year high of $43.65. The stock has a market cap of $297.07 million, a price-to-earnings ratio of 19.30 and a beta of 0.89.

T. Rowe Price Equity Income ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.1428 dividend. The ex-dividend date is Thursday, March 27th.

T. Rowe Price Equity Income ETF Company Profile

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.