T. Rowe Price Equity Income ETF
TEQI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1307 Point Street Baltimore MD United States of America 21231
- IPO Date
- Aug 5, 2020
- CIK
- 0001795351
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Equity Income ETF (TEQI) is an actively managed exchange-traded fund that seeks a high level of dividend income and long-term capital growth through investments in undervalued, dividend-paying large-cap value stocks. The fund primarily targets U.S. equities across diversified sectors including financial services, healthcare, industrials, technology, energy, consumer defensive, and utilities; its top holdings typically include companies such as MetLife Inc., Wells Fargo & Co., and Exxon Mobil Corp., with approximately 113 equity holdings and a portfolio turnover of around 17%. Launched on August 4, 2020, and domiciled in the United States, TEQI benchmarks its performance against the Russell 1000 Value Index and charges a net expense ratio of 0.54%, with assets under management exceeding $300 million as of late 2025. TEQI employs a value-oriented strategy, focusing on stocks with above-average dividend yields, low price-to-earnings ratios, and strong fundamentals to provide relatively steady returns and reduced volatility compared to broader market indices. It serves long-term investors seeking a core equity holding with income generation potential, reinvesting dividends to enhance compounding while mitigating downside risk through rigorous fundamental research by T. Rowe Price Associates, Inc., the fund's investment adviser. The ETF trades on the NYSE Arca exchange and distributes quarterly dividends, with recent payouts including $0.1907 in September 2025 and yields around 1.7-2.0%. In recent developments, TEQI has demonstrated strong performance since inception, delivering a 16.4% cumulative return and outperforming its benchmark by 1% annualized through 2024, amid growing interest in active equity income strategies for navigating market volatility into 2025. T. Rowe Price, the parent firm managing TEQI as part of its broader lineup of 28 active ETFs (including 10 fixed income offerings), expanded its ETF roster significantly in November 2025 with four new fixed income launches—Short Municipal Income ETF (TMNS), Long Municipal Income ETF (TMNL), High Income Municipal ETF (THYM), and Multi-Sector Income ETF (TMSF)—reflecting the firm's strategic push into comprehensive active ETF solutions leveraging its research capabilities. These expansions underscore T. Rowe Price's ongoing commitment to enhancing its exchange-traded fund offerings for retail and institutional investors focused on tax efficiency and intraday liquidity.