T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Sets New 1-Year High – Time to Buy?

Shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $33.88 and last traded at $33.78, with a volume of 32415 shares trading hands. The stock had previously closed at $33.20.

T. Rowe Price Capital Appreciation Equity ETF Stock Performance

The firm’s 50-day simple moving average is $32.97 and its 200 day simple moving average is $31.77. The stock has a market capitalization of $1.57 billion, a P/E ratio of 29.74 and a beta of 0.93.

Institutional Trading of T. Rowe Price Capital Appreciation Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of TCAF. LPL Financial LLC grew its stake in T. Rowe Price Capital Appreciation Equity ETF by 45.0% in the second quarter. LPL Financial LLC now owns 3,389,907 shares of the company’s stock valued at $106,477,000 after purchasing an additional 1,051,666 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 21.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,015,876 shares of the company’s stock valued at $100,278,000 after buying an additional 526,119 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of T. Rowe Price Capital Appreciation Equity ETF by 5,222.4% in the second quarter. Strategic Financial Concepts LLC now owns 2,186,662 shares of the company’s stock valued at $68,683,000 after buying an additional 2,145,578 shares in the last quarter. Osaic Holdings Inc. increased its holdings in T. Rowe Price Capital Appreciation Equity ETF by 15.9% during the first quarter. Osaic Holdings Inc. now owns 1,448,605 shares of the company’s stock worth $43,791,000 after buying an additional 198,224 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in T. Rowe Price Capital Appreciation Equity ETF by 88.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,163,266 shares of the company’s stock worth $38,679,000 after buying an additional 545,448 shares during 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.