T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Sees Large Volume Increase – Time to Buy?

Shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) saw unusually-high trading volume on Monday . Approximately 1,430,733 shares changed hands during mid-day trading, an increase of 111% from the previous session’s volume of 677,995 shares.The stock last traded at $31.20 and had previously closed at $31.08.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The stock has a market capitalization of $3.79 billion, a P/E ratio of 27.17 and a beta of 0.93. The stock’s fifty day moving average is $32.74 and its two-hundred day moving average is $33.40.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Global Wealth Strategies & Associates acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF during the fourth quarter valued at approximately $27,000. CIBC Private Wealth Group LLC raised its stake in shares of T. Rowe Price Capital Appreciation Equity ETF by 44.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 981 shares of the company’s stock worth $33,000 after purchasing an additional 301 shares in the last quarter. Tortoise Investment Management LLC acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF during the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC acquired a new position in T. Rowe Price Capital Appreciation Equity ETF in the fourth quarter worth approximately $39,000. Finally, Farther Finance Advisors LLC raised its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 612.5% in the first quarter. Farther Finance Advisors LLC now owns 1,995 shares of the company’s stock valued at $65,000 after purchasing an additional 1,715 shares during the period.

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.