T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Reaches New 12-Month High – Should You Buy?

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $43.84 and last traded at $43.8750, with a volume of 262,170 shares traded. The stock had previously closed at $42.88.

T. Rowe Price Capital Appreciation Equity ETF Stock Performance

The firm has a market cap of $7.91 billion, a P/E ratio of 29.44 and a beta of 0.93. The firm has a fifty day moving average of $42.87 and a 200-day moving average of $40.26.

Hedge Funds Weigh In On T. Rowe Price Capital Appreciation Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. CENTRAL TRUST Co bought a new position in T. Rowe Price Capital Appreciation Equity ETF in the 3rd quarter worth approximately $127,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the third quarter worth $69,518,000. Cornerstone Wealth Management LLC grew its stake in shares of T. Rowe Price Capital Appreciation Equity ETF by 4.3% in the third quarter. Cornerstone Wealth Management LLC now owns 25,940 shares of the company’s stock worth $1,096,000 after acquiring an additional 1,077 shares during the last quarter. United Advisor Group LLC increased its position in T. Rowe Price Capital Appreciation Equity ETF by 10.1% during the third quarter. United Advisor Group LLC now owns 104,423 shares of the company’s stock worth $4,414,000 after acquiring an additional 9,587 shares during the period. Finally, Principle Wealth Partners LLC increased its position in T. Rowe Price Capital Appreciation Equity ETF by 2.2% during the third quarter. Principle Wealth Partners LLC now owns 353,726 shares of the company’s stock worth $14,952,000 after acquiring an additional 7,773 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.