T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Sets New 12-Month High – Still a Buy?

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) shares reached a new 52-week high on Friday . The company traded as high as $34.38 and last traded at $34.37, with a volume of 205629 shares changing hands. The stock had previously closed at $34.18.

T. Rowe Price Capital Appreciation Equity ETF Trading Up 0.4 %

The business’s 50 day moving average price is $33.47 and its two-hundred day moving average price is $32.22. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 29.74 and a beta of 0.93.

Institutional Investors Weigh In On T. Rowe Price Capital Appreciation Equity ETF

Several hedge funds have recently added to or reduced their stakes in TCAF. Strategic Financial Concepts LLC boosted its position in T. Rowe Price Capital Appreciation Equity ETF by 5,222.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,186,662 shares of the company’s stock worth $68,683,000 after buying an additional 2,145,578 shares during the period. LPL Financial LLC raised its stake in T. Rowe Price Capital Appreciation Equity ETF by 42.1% during the third quarter. LPL Financial LLC now owns 4,816,147 shares of the company’s stock worth $160,137,000 after buying an additional 1,426,240 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 76.6% in the second quarter. Commonwealth Equity Services LLC now owns 2,489,757 shares of the company’s stock valued at $78,203,000 after buying an additional 1,079,616 shares during the period. TTP Investments Inc. bought a new stake in T. Rowe Price Capital Appreciation Equity ETF during the second quarter valued at $30,878,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in T. Rowe Price Capital Appreciation Equity ETF by 88.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,163,266 shares of the company’s stock worth $38,679,000 after acquiring an additional 545,448 shares during the period.

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.