T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Reaches New 52-Week High – Here’s Why

Shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) reached a new 52-week high during trading on Friday . The stock traded as high as $34.38 and last traded at $34.37, with a volume of 205629 shares traded. The stock had previously closed at $34.18.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The stock has a market cap of $1.57 billion, a P/E ratio of 29.74 and a beta of 0.93. The stock’s 50-day moving average is $33.50 and its two-hundred day moving average is $32.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates boosted its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 29.0% during the 3rd quarter. Raymond James & Associates now owns 658,571 shares of the company’s stock valued at $21,897,000 after acquiring an additional 148,102 shares during the last quarter. Creative Planning raised its stake in T. Rowe Price Capital Appreciation Equity ETF by 25.7% during the third quarter. Creative Planning now owns 13,544 shares of the company’s stock valued at $450,000 after purchasing an additional 2,773 shares in the last quarter. Good Life Advisors LLC lifted its position in T. Rowe Price Capital Appreciation Equity ETF by 62.9% during the third quarter. Good Life Advisors LLC now owns 83,548 shares of the company’s stock valued at $2,778,000 after purchasing an additional 32,254 shares during the last quarter. Assetmark Inc. purchased a new position in shares of T. Rowe Price Capital Appreciation Equity ETF in the 3rd quarter worth $48,000. Finally, Concourse Financial Group Securities Inc. increased its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 22.3% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 4,616 shares of the company’s stock worth $145,000 after buying an additional 841 shares during the last quarter.

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.