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

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) reached a new 52-week high on Wednesday. The company traded as high as $43.69 and last traded at $43.6670, with a volume of 206,139 shares traded. The stock had previously closed at $43.46.

T. Rowe Price Capital Appreciation Equity ETF Trading Up 0.5%

The company has a fifty day simple moving average of $42.74 and a 200-day simple moving average of $41.12. The company has a market capitalization of $9.15 billion, a PE ratio of 29.44 and a beta of 0.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Hopwood Financial Services Inc. grew its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 4.4% in the first quarter. Hopwood Financial Services Inc. now owns 9,395 shares of the company’s stock valued at $334,000 after purchasing an additional 400 shares during the period. Sanctuary Advisors LLC increased its position in T. Rowe Price Capital Appreciation Equity ETF by 1.8% during the first quarter. Sanctuary Advisors LLC now owns 23,677 shares of the company’s stock worth $843,000 after purchasing an additional 410 shares during the last quarter. Diversified Management Inc. raised its stake in T. Rowe Price Capital Appreciation Equity ETF by 0.3% during the second quarter. Diversified Management Inc. now owns 149,463 shares of the company’s stock worth $6,143,000 after purchasing an additional 428 shares during the period. World Equity Group Inc. raised its stake in T. Rowe Price Capital Appreciation Equity ETF by 4.4% during the first quarter. World Equity Group Inc. now owns 10,262 shares of the company’s stock worth $365,000 after purchasing an additional 434 shares during the period. Finally, Prosperity Consulting Group LLC boosted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 8.1% in the 1st quarter. Prosperity Consulting Group LLC now owns 6,126 shares of the company’s stock valued at $218,000 after purchasing an additional 457 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.