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

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) hit a new 52-week high on Wednesday . The company traded as high as $34.37 and last traded at $34.33, with a volume of 467021 shares trading hands. The stock had previously closed at $34.26.

T. Rowe Price Capital Appreciation Equity ETF Stock Down 0.8 %

The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 29.74 and a beta of 0.93. The stock’s 50 day moving average is $33.12 and its 200 day moving average is $31.92.

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

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its stake in T. Rowe Price Capital Appreciation Equity ETF by 42.1% during the 3rd quarter. LPL Financial LLC now owns 4,816,147 shares of the company’s stock valued at $160,137,000 after acquiring an additional 1,426,240 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of T. Rowe Price Capital Appreciation Equity ETF by 21.1% during 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 period. Strategic Financial Concepts LLC grew its holdings in shares of 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 valued at $68,683,000 after acquiring an additional 2,145,578 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of T. Rowe Price Capital Appreciation Equity ETF by 15.9% in the first quarter. Osaic Holdings Inc. now owns 1,448,605 shares of the company’s stock worth $43,791,000 after acquiring an additional 198,224 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 acquiring an additional 545,448 shares in 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.