T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Reaches New 52-Week High – What’s Next?

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $40.03 and last traded at $39.96, with a volume of 593791 shares traded. The stock had previously closed at $39.62.

T. Rowe Price Capital Appreciation Equity ETF Trading Up 0.9%

The business has a 50 day simple moving average of $37.34 and a 200-day simple moving average of $37.92. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 29.44 and a beta of 0.94.

Hedge Funds Weigh In On T. Rowe Price Capital Appreciation Equity ETF

Large investors have recently modified their holdings of the company. Huntington National Bank purchased a new position in shares of T. Rowe Price Capital Appreciation Equity ETF in the 4th quarter worth about $32,000. Fifth Third Bancorp purchased a new position in shares of T. Rowe Price Capital Appreciation Equity ETF in the 3rd quarter worth about $36,000. Litman Gregory Wealth Management LLC purchased a new position in shares of T. Rowe Price Capital Appreciation Equity ETF in the 4th quarter worth about $40,000. Dougherty Wealth Advisers LLC purchased a new position in shares of T. Rowe Price Capital Appreciation Equity ETF in the 4th quarter worth about $50,000. Finally, Root Financial Partners LLC purchased a new position in shares of T. Rowe Price Capital Appreciation Equity ETF in the 3rd quarter worth about $52,000.

About T. Rowe Price Capital Appreciation Equity ETF

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.