T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Sets New 1-Year High – Here’s Why

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $43.72 and last traded at $43.7060, with a volume of 132,164 shares changing hands. The stock had previously closed at $43.58.

T. Rowe Price Capital Appreciation Equity ETF Stock Down 0.6%

The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 29.44 and a beta of 0.94. The company’s 50-day simple moving average is $42.84 and its 200-day simple moving average is $40.15.

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

Large investors have recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in T. Rowe Price Capital Appreciation Equity ETF during the 3rd quarter worth approximately $30,462,000. D.A. Davidson & CO. bought a new position in T. Rowe Price Capital Appreciation Equity ETF during the 3rd quarter worth $20,131,000. Harfst & Associates Inc. bought a new stake in T. Rowe Price Capital Appreciation Equity ETF during the third quarter worth about $15,624,000. Eclectic Associates Inc. ADV acquired a new position in shares of T. Rowe Price Capital Appreciation Equity ETF during the 3rd quarter worth $11,597,000. Finally, Ledyard National Bank bought a new position in shares of T. Rowe Price Capital Appreciation Equity ETF in the third quarter worth about $10,557,000.

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.