T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Sets New 12-Month High – Still a Buy?

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) shares 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 trading hands. The stock had previously closed at $34.18.

T. Rowe Price Capital Appreciation Equity ETF Stock Performance

The firm has a market capitalization of $1.57 billion, a P/E ratio of 29.74 and a beta of 0.93. The firm’s 50-day moving average is $33.47 and its 200 day moving average is $32.22.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WASHINGTON TRUST Co increased its stake in T. Rowe Price Capital Appreciation Equity ETF by 78.6% in the 2nd quarter. WASHINGTON TRUST Co now owns 875 shares of the company’s stock valued at $27,000 after buying an additional 385 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in T. Rowe Price Capital Appreciation Equity ETF in the 2nd quarter valued at $29,000. Assetmark Inc. acquired a new stake in T. Rowe Price Capital Appreciation Equity ETF in the 3rd quarter valued at $48,000. Keener Financial Planning LLC acquired a new position in shares of T. Rowe Price Capital Appreciation Equity ETF during the 3rd quarter worth about $49,000. Finally, Annapolis Financial Services LLC acquired a new position in shares of T. Rowe Price Capital Appreciation Equity ETF during the 2nd quarter worth about $78,000.

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.