T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Reaches New 52-Week High – Here’s Why

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) shares reached a new 52-week high on Tuesday . The stock traded as high as $42.42 and last traded at $42.25, with a volume of 115364 shares changing hands. The stock had previously closed at $42.05.

T. Rowe Price U.S. Equity Research ETF Stock Performance

The stock has a market capitalization of $2.05 billion, a PE ratio of 26.98 and a beta of 1.00. The stock has a 50-day moving average price of $40.82 and a two-hundred day moving average price of $38.08.

Institutional Investors Weigh In On T. Rowe Price U.S. Equity Research ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in shares of T. Rowe Price U.S. Equity Research ETF during the 4th quarter valued at approximately $519,000. Wealth Enhancement Advisory Services LLC boosted its stake in T. Rowe Price U.S. Equity Research ETF by 33.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,995 shares of the company’s stock worth $1,146,000 after buying an additional 7,740 shares during the period. Farther Finance Advisors LLC increased its position in T. Rowe Price U.S. Equity Research ETF by 76.8% during the first quarter. Farther Finance Advisors LLC now owns 112,432 shares of the company’s stock valued at $3,968,000 after acquiring an additional 48,857 shares during the last quarter. Marshall Financial Group LLC purchased a new stake in shares of T. Rowe Price U.S. Equity Research ETF in the first quarter valued at $3,434,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of T. Rowe Price U.S. Equity Research ETF by 4.6% in the first quarter. Exchange Traded Concepts LLC now owns 268,074 shares of the company’s stock valued at $9,425,000 after acquiring an additional 11,802 shares during the period.

T. Rowe Price U.S. Equity Research ETF Company Profile

The T. Rowe Price US Equity Research ETF (TSPA) is an exchange-traded fund. The ETF currently has 24.68m in AUM and 291 holdings. TSPA is an actively-managed, non-transparent fund that seeks long-term capital growth by investing in US-listed companies selected and weighted similar to the S&P 500 Index The fund utilizes the T TSPA was launched on Jun 8, 2021 and is managed by T.