T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Reaches New 1-Year High – Still a Buy?

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.11 and last traded at $43.09, with a volume of 253808 shares. The stock had previously closed at $42.88.

T. Rowe Price Capital Appreciation Equity ETF Stock Performance

The company’s fifty day moving average price is $41.13 and its 200 day moving average price is $39.17. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 29.44 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversified Management Inc. acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the fourth quarter valued at $5,667,000. UBS Group AG grew its holdings in T. Rowe Price Capital Appreciation Equity ETF by 35.9% during the fourth quarter. UBS Group AG now owns 1,010,843 shares of the company’s stock worth $38,634,000 after acquiring an additional 267,154 shares during the period. Harborfront Financial Group LLC acquired a new position in T. Rowe Price Capital Appreciation Equity ETF during the fourth quarter worth about $2,551,000. United Advisor Group LLC raised its position in T. Rowe Price Capital Appreciation Equity ETF by 42.4% in the fourth quarter. United Advisor Group LLC now owns 70,021 shares of the company’s stock worth $2,676,000 after acquiring an additional 20,833 shares in the last quarter. Finally, Rubicon Advisors GP bought a new stake in T. Rowe Price Capital Appreciation Equity ETF in the fourth quarter worth about $1,934,000.

About T. Rowe Price Capital Appreciation Equity ETF

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.