Allegheny Financial Group Invests $883,000 in Parnassus Core Select ETF $PRCS

Allegheny Financial Group purchased a new position in Parnassus Core Select ETF (NYSEARCA:PRCS) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 33,735 shares of the company’s stock, valued at approximately $883,000.

A number of other hedge funds have also recently bought and sold shares of PRCS. Goldman Sachs Group Inc. acquired a new position in shares of Parnassus Core Select ETF in the 1st quarter valued at approximately $625,000. Ethic Inc. acquired a new stake in shares of Parnassus Core Select ETF during the second quarter worth approximately $653,000. Finally, SOL Capital Management CO increased its stake 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 buying an additional 39,669 shares during the last quarter.

Parnassus Core Select ETF Price Performance

PRCS opened at $26.66 on Wednesday. Parnassus Core Select ETF has a 12-month low of $20.38 and a 12-month high of $28.24. The stock has a market capitalization of $103.97 million, a PE ratio of 31.55 and a beta of 1.07. The firm’s fifty day moving average price is $27.13 and its 200 day moving average price is $26.52.

Parnassus Core Select ETF 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.