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

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)’s stock price reached a new 52-week high during trading on Monday. The stock traded as high as $43.14 and last traded at $43.1350, with a volume of 528261 shares changing hands. The stock had previously closed at $42.54.

T. Rowe Price Capital Appreciation Equity ETF Stock Performance

The stock has a market cap of $9.48 billion, a PE ratio of 29.44 and a beta of 0.94. The firm has a fifty day moving average price of $42.41 and a 200 day moving average price of $40.47.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Eastern Bank purchased a new position in T. Rowe Price Capital Appreciation Equity ETF during the third quarter valued at approximately $30,462,000. Planning Strategies Inc. increased its stake in T. Rowe Price Capital Appreciation Equity ETF by 8.4% during the 3rd quarter. Planning Strategies Inc. now owns 148,272 shares of the company’s stock worth $6,267,000 after buying an additional 11,512 shares in the last quarter. Private Client Services LLC purchased a new stake in T. Rowe Price Capital Appreciation Equity ETF during the 3rd quarter worth approximately $289,000. Envestnet Asset Management Inc. raised its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 8.6% during the second quarter. Envestnet Asset Management Inc. now owns 406,410 shares of the company’s stock valued at $16,703,000 after acquiring an additional 32,252 shares during the last quarter. Finally, Capital Analysts LLC raised its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 10.3% during the second quarter. Capital Analysts LLC now owns 501,777 shares of the company’s stock valued at $20,623,000 after acquiring an additional 46,740 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.