SageGuard Financial Group LLC Takes $699,000 Position in T. Rowe Price Hedged Equity ETF $THEQ

SageGuard Financial Group LLC acquired a new stake in T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) in the 1st quarter, Holdings Channel reports. The firm acquired 25,652 shares of the company’s stock, valued at approximately $699,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC lifted its stake in T. Rowe Price Hedged Equity ETF by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock worth $4,881,000 after purchasing an additional 3,469 shares during the last quarter. Jane Street Group LLC grew its position in T. Rowe Price Hedged Equity ETF by 70.0% during the 4th quarter. Jane Street Group LLC now owns 23,217 shares of the company’s stock worth $650,000 after purchasing an additional 9,557 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new stake in T. Rowe Price Hedged Equity ETF during the 4th quarter valued at approximately $354,000.

T. Rowe Price Hedged Equity ETF Price Performance

Shares of NYSEARCA THEQ opened at $29.47 on Monday. T. Rowe Price Hedged Equity ETF has a 1-year low of $26.16 and a 1-year high of $31.59. The company has a market cap of $32.42 million, a PE ratio of 24.54 and a beta of 0.66. The stock has a fifty day moving average price of $29.47 and a 200 day moving average price of $28.55.

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.