Allegheny Financial Group Purchases Shares of 33,735 Parnassus Core Select ETF $PRCS

Allegheny Financial Group purchased a new stake in Parnassus Core Select ETF (NYSEARCA:PRCS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,735 shares of the company’s stock, valued at approximately $883,000. Allegheny Financial Group owned about 1.35% of Parnassus Core Select ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PRCS. Goldman Sachs Group Inc. purchased a new stake in Parnassus Core Select ETF in the 1st quarter valued at approximately $625,000. Ethic Inc. purchased a new position in Parnassus Core Select ETF during the second quarter worth $653,000. Finally, SOL Capital Management CO raised its holdings in shares of Parnassus Core Select ETF by 68.4% in the third quarter. SOL Capital Management CO now owns 97,694 shares of the company’s stock worth $2,557,000 after acquiring an additional 39,669 shares during the last quarter.

Parnassus Core Select ETF Stock Down 0.4%

Shares of NYSEARCA:PRCS opened at $26.66 on Wednesday. The company has a market capitalization of $103.97 million, a P/E ratio of 31.55 and a beta of 1.07. Parnassus Core Select ETF has a 52-week low of $20.38 and a 52-week high of $28.24. The stock’s fifty day simple moving average is $27.13 and its 200-day simple moving average is $26.52.

Parnassus Core Select ETF Company Profile

The Parnassus Core Select ETF (PRCS) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in a concentrated portfolio of 20-30 large-cap US equity securities. The fund focuses on both value and growth stocks, emphasizing strong financials and sustainable business practices while seeking to minimize exposure to market risk PRCS was launched on Dec 12, 2024 and is issued by Parnassus Investments.