T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Hits New 1-Year Low – Should You Sell?

Shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $28.28 and last traded at $28.37, with a volume of 311960 shares trading hands. The stock had previously closed at $29.59.

T. Rowe Price Capital Appreciation Equity ETF Stock Down 0.4 %

The company has a 50-day moving average price of $33.32 and a 200-day moving average price of $33.54. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 27.17 and a beta of 0.93.

Institutional Investors Weigh In On T. Rowe Price Capital Appreciation Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of TCAF. Raymond James Financial Inc. bought a new stake in T. Rowe Price Capital Appreciation Equity ETF in the 4th quarter valued at $150,214,000. Strategic Financial Concepts LLC raised its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 4,077.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 3,068,111 shares of the company’s stock valued at $102,076,000 after buying an additional 2,994,664 shares during the last quarter. LPL Financial LLC raised its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 48.6% during the fourth quarter. LPL Financial LLC now owns 7,155,924 shares of the company’s stock valued at $238,078,000 after buying an additional 2,339,777 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of T. Rowe Price Capital Appreciation Equity ETF by 379.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,521,439 shares of the company’s stock valued at $83,888,000 after buying an additional 1,995,987 shares during the period. Finally, McCarthy & Cox grew its position in T. Rowe Price Capital Appreciation Equity ETF by 228.4% during the fourth quarter. McCarthy & Cox now owns 825,596 shares of the company’s stock worth $27,468,000 after buying an additional 574,200 shares in the last quarter.

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.