T. Rowe Price Hedged Equity ETF
THEQ
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1307 Point Street Baltimore MD United States of America 21231
- IPO Date
- Mar 28, 2025
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price Hedged Equity ETF (THEQ) is an actively managed exchange-traded fund that seeks long-term capital growth by investing at least 80% of its net assets in equities, combining a U.S. Structured Research Equity Strategy with lower volatility individual equities and a derivatives hedging strategy to reduce portfolio volatility, particularly during equity market downturns. The fund, managed by Sean McWilliams, holds a diversified portfolio including significant allocations to T. Rowe Price U.S. Equity Research ETF (approximately 76.50%), U.S. Treasury futures and bills, and individual large-cap stocks such as Microsoft; its expense ratio is 0.46%. Launched on March 27, 2025, as part of T. Rowe Price's expansion of its active ETF lineup to 19 offerings, THEQ trades on NYSE Arca and operates within the hedged equity segment, targeting investors seeking equity exposure with downside protection. Headquartered in Baltimore, Maryland, the fund is issued by T. Rowe Price Exchange-Traded Funds, Inc., a subsidiary of T. Rowe Price Group, Inc., a global investment management firm founded in 1937 with operations primarily in the United States and broad international reach through its affiliate network. THEQ serves individual investors, financial advisors, and institutions focused on U.S. large-cap equities with volatility management, leveraging T. Rowe Price's research-driven active management across equity, fixed income, and multi-asset strategies. In September 2025, T. Rowe Price announced a strategic partnership with Goldman Sachs, under which Goldman Sachs acquired up to $100 million in T. Rowe Price shares to expand distribution of private assets—including private equity, credit, infrastructure, and real estate—into public market products like target-date funds and joint-branded ETFs, enhancing access for retirees and high-net-worth individuals. This alliance complements THEQ's role in T. Rowe Price's growing ETF suite, which includes complementary offerings like the Capital Appreciation Premium Income ETF (TCAL), launched alongside THEQ.