T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Hits New 52-Week High – Still a Buy?

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $48.12 and last traded at $48.11, with a volume of 9605 shares trading hands. The stock had previously closed at $47.81.

T. Rowe Price U.S. Equity Research ETF Stock Up 1.3%

The stock’s 50-day simple moving average is $47.14 and its two-hundred day simple moving average is $44.82. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 26.98 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. AdviceOne Advisory Services LLC acquired a new position in shares of T. Rowe Price U.S. Equity Research ETF during the 2nd quarter worth about $233,000. Sax Wealth Advisors LLC purchased a new stake in T. Rowe Price U.S. Equity Research ETF during the 2nd quarter worth approximately $587,000. Prodigy Asset Management LLC increased its stake in T. Rowe Price U.S. Equity Research ETF by 0.8% during the 2nd quarter. Prodigy Asset Management LLC now owns 708,088 shares of the company’s stock worth $33,655,000 after buying an additional 5,390 shares in the last quarter. Balefire LLC acquired a new position in shares of T. Rowe Price U.S. Equity Research ETF during the second quarter valued at approximately $873,000. Finally, Cozad Asset Management Inc. raised its holdings in shares of T. Rowe Price U.S. Equity Research ETF by 62.4% during the first quarter. Cozad Asset Management Inc. now owns 27,608 shares of the company’s stock valued at $1,129,000 after acquiring an additional 10,612 shares during the last quarter.

T. Rowe Price U.S. Equity Research ETF Company Profile

The T. Rowe Price US Equity Research ETF (TSPA) is an exchange-traded fund. The ETF currently has 24.68m in AUM and 291 holdings. TSPA is an actively-managed, non-transparent fund that seeks long-term capital growth by investing in US-listed companies selected and weighted similar to the S&P 500 Index The fund utilizes the T TSPA was launched on Jun 8, 2021 and is managed by T. Rowe Price.