T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) Sets New 12-Month High – Here’s Why

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

T. Rowe Price Small-Mid Cap ETF Price Performance

The company has a market capitalization of $2.86 billion, a P/E ratio of 18.92 and a beta of 1.09. The stock has a 50-day moving average price of $42.87 and a 200-day moving average price of $40.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TMSL. Ballast Inc. acquired a new position in shares of T. Rowe Price Small-Mid Cap ETF in the 2nd quarter worth approximately $1,447,000. First Heartland Consultants Inc. raised its stake in T. Rowe Price Small-Mid Cap ETF by 2.5% during the second quarter. First Heartland Consultants Inc. now owns 18,585 shares of the company’s stock worth $815,000 after buying an additional 446 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in T. Rowe Price Small-Mid Cap ETF during the second quarter worth $31,000. Western Wealth Management LLC lifted its holdings in T. Rowe Price Small-Mid Cap ETF by 28.7% in the first quarter. Western Wealth Management LLC now owns 13,333 shares of the company’s stock valued at $489,000 after buying an additional 2,973 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in T. Rowe Price Small-Mid Cap ETF by 4.5% in the first quarter. NewEdge Advisors LLC now owns 78,935 shares of the company’s stock valued at $2,895,000 after buying an additional 3,417 shares during the period.

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