T. Rowe Price Hedged Equity ETF (THEQ)

T. Rowe Price Hedged Equity ETF (THEQ) is an exchange-traded fund in the Equity Hedged category. It has $39.36M in assets, an expense ratio of 0.46% and a 0.47% dividend yield. The fund normally invests at least 80% of its net assets (plus any borrowings for investments purposes) in equities The fund’s overall goal is to combine a long equity strategy with a derivatives hedging strategy that reduces portfolio volatility and provides protection during equity market downturns. As part of the long equity strategy, the majority of the fund invests in T. Rowe Price and third-party exchange-traded funds and particularly in the T. Rowe Price U.S. Equity Research ETF (TSPA).…