T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) Sets New 1-Year High – Still a Buy?

T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) shares reached a new 52-week high on Wednesday . The stock traded as high as $44.60 and last traded at $44.34, with a volume of 48250 shares traded. The stock had previously closed at $44.11.

T. Rowe Price Small-Mid Cap ETF Price Performance

The company has a market cap of $2.86 billion, a price-to-earnings ratio of 18.92 and a beta of 1.09. The stock has a 50-day moving average price of $42.98 and a 200 day moving average price of $40.42.

Institutional Trading of T. Rowe Price Small-Mid Cap ETF

A number of institutional investors have recently modified their holdings of TMSL. Price T Rowe Associates Inc. MD lifted its stake in T. Rowe Price Small-Mid Cap ETF by 14.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,861,191 shares of the company’s stock valued at $210,786,000 after acquiring an additional 723,445 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of T. Rowe Price Small-Mid Cap ETF by 85.3% in the 4th quarter. LPL Financial LLC now owns 4,307,521 shares of the company’s stock valued at $154,640,000 after buying an additional 1,983,521 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of T. Rowe Price Small-Mid Cap ETF by 26.4% in the 3rd quarter. Raymond James Financial Inc. now owns 1,156,696 shares of the company’s stock valued at $40,681,000 after buying an additional 241,353 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of T. Rowe Price Small-Mid Cap ETF by 18.7% in the 1st quarter. Cetera Investment Advisers now owns 1,062,785 shares of the company’s stock valued at $38,972,000 after buying an additional 167,075 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of T. Rowe Price Small-Mid Cap ETF by 1.2% in the fourth quarter. Captrust Financial Advisors now owns 859,092 shares of the company’s stock valued at $30,841,000 after buying an additional 10,274 shares in the last quarter.

T. Rowe Price Small-Mid Cap ETF Company Profile

The T. Rowe Price Small-Mid Cap ETF (TMSL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on extended market equity. TMSL is an actively managed fund that invests in US small- and mid-cap companies with either growth or value characteristics