T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Hits New 12-Month High – Still a Buy?

Shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) hit a new 52-week high during trading on Wednesday . The stock traded as high as $34.37 and last traded at $34.33, with a volume of 467021 shares trading hands. The stock had previously closed at $34.26.

T. Rowe Price Capital Appreciation Equity ETF Trading Down 0.8 %

The business’s fifty day simple moving average is $33.12 and its two-hundred day simple moving average is $31.92. The stock has a market capitalization of $1.55 billion, a P/E ratio of 29.74 and a beta of 0.93.

Institutional Investors Weigh In On T. Rowe Price Capital Appreciation Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates grew its stake in shares of T. Rowe Price Capital Appreciation Equity ETF by 29.0% during the third quarter. Raymond James & Associates now owns 658,571 shares of the company’s stock worth $21,897,000 after purchasing an additional 148,102 shares during the period. Creative Planning boosted its stake in T. Rowe Price Capital Appreciation Equity ETF by 25.7% during the 3rd quarter. Creative Planning now owns 13,544 shares of the company’s stock worth $450,000 after acquiring an additional 2,773 shares during the last quarter. Good Life Advisors LLC increased its stake in T. Rowe Price Capital Appreciation Equity ETF by 62.9% in the third quarter. Good Life Advisors LLC now owns 83,548 shares of the company’s stock valued at $2,778,000 after purchasing an additional 32,254 shares in the last quarter. Concourse Financial Group Securities Inc. raised its holdings in T. Rowe Price Capital Appreciation Equity ETF by 22.3% in the second quarter. Concourse Financial Group Securities Inc. now owns 4,616 shares of the company’s stock worth $145,000 after purchasing an additional 841 shares during the period. Finally, CWM LLC boosted its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 22.4% during the third quarter. CWM LLC now owns 21,083 shares of the company’s stock worth $701,000 after purchasing an additional 3,854 shares in the last quarter.

T. Rowe Price Capital Appreciation Equity ETF Company Profile

The T. Rowe Price Capital Appreciation Equity ETF (TCAF) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TCAF is an actively managed fund that pursues higher quality stocks of US large-cap companies that are perceived to have above average potential for capital growth.