T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Reaches New 52-Week High – Should You Buy?

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

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The business’s 50-day moving average is $32.90 and its two-hundred day moving average is $31.73. The firm has a market cap of $1.55 billion, a P/E ratio of 29.74 and a beta of 0.93.

Institutional Trading of T. Rowe Price Capital Appreciation Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of TCAF. Concourse Financial Group Securities Inc. acquired a new position in shares of T. Rowe Price Capital Appreciation Equity ETF during the 1st quarter worth approximately $114,000. Financial Connections Group Inc. increased its holdings in T. Rowe Price Capital Appreciation Equity ETF by 16.7% during the first quarter. Financial Connections Group Inc. now owns 3,501 shares of the company’s stock worth $106,000 after buying an additional 501 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in T. Rowe Price Capital Appreciation Equity ETF by 110.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 31,302 shares of the company’s stock worth $946,000 after acquiring an additional 16,440 shares in the last quarter. WealthPLAN Partners LLC lifted its stake in T. Rowe Price Capital Appreciation Equity ETF by 4.6% in the first quarter. WealthPLAN Partners LLC now owns 31,545 shares of the company’s stock valued at $954,000 after acquiring an additional 1,398 shares during the last quarter. Finally, Tanglewood Wealth Management Inc. grew its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 250.0% in the 1st quarter. Tanglewood Wealth Management Inc. now owns 88,907 shares of the company’s stock valued at $2,688,000 after acquiring an additional 63,506 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.