T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Hits New 52-Week High – Time to Buy?

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) reached a new 52-week high on Friday . The stock traded as high as $39.52 and last traded at $39.47, with a volume of 52266 shares trading hands. The stock had previously closed at $39.28.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The firm has a 50 day moving average of $37.25 and a 200-day moving average of $37.89. The stock has a market capitalization of $6.90 billion, a P/E ratio of 29.44 and a beta of 0.93.

Institutional Trading of T. Rowe Price Capital Appreciation Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in T. Rowe Price Capital Appreciation Equity ETF by 10.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,069,107 shares of the company’s stock worth $730,343,000 after purchasing an additional 1,799,525 shares during the period. LPL Financial LLC raised its stake in shares of T. Rowe Price Capital Appreciation Equity ETF by 15.2% in the 4th quarter. LPL Financial LLC now owns 14,929,038 shares of the company’s stock valued at $570,588,000 after buying an additional 1,969,844 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 9.8% during the 3rd quarter. Raymond James Financial Inc. now owns 5,878,165 shares of the company’s stock worth $221,607,000 after acquiring an additional 526,810 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 4.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,233,638 shares of the company’s stock worth $200,030,000 after acquiring an additional 240,368 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 7.4% during the 4th quarter. Wells Fargo & Company MN now owns 3,531,473 shares of the company’s stock valued at $134,973,000 after acquiring an additional 242,301 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.