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

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.03 and last traded at $42.03, with a volume of 81536 shares changing hands. The stock had previously closed at $41.49.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The company has a market capitalization of $8.13 billion, a PE ratio of 29.44 and a beta of 0.94. The firm has a 50-day moving average of $40.83 and a 200 day moving average of $38.93.

Institutional Trading of T. Rowe Price Capital Appreciation Equity ETF

A number of institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of 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 acquiring an additional 1,799,525 shares during the period. LPL Financial LLC lifted its position in T. Rowe Price Capital Appreciation Equity ETF by 15.2% during the fourth quarter. LPL Financial LLC now owns 14,929,038 shares of the company’s stock valued at $570,588,000 after purchasing an additional 1,969,844 shares during the period. Raymond James Financial Inc. lifted its position in T. Rowe Price Capital Appreciation Equity ETF by 9.8% during the third quarter. Raymond James Financial Inc. now owns 5,878,165 shares of the company’s stock valued at $221,607,000 after purchasing an additional 526,810 shares during the period. Commonwealth Equity Services LLC boosted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 4.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,233,638 shares of the company’s stock worth $200,030,000 after purchasing an additional 240,368 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 7.4% in the fourth quarter. Wells Fargo & Company MN now owns 3,531,473 shares of the company’s stock worth $134,973,000 after purchasing an additional 242,301 shares during the last quarter.

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.