T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) Reaches New 52-Week High – Should You Buy?

T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $43.89 and last traded at $43.85, with a volume of 506851 shares traded. The stock had previously closed at $43.51.

T. Rowe Price Small-Mid Cap ETF Trading Up 0.8%

The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 18.92 and a beta of 1.12. The stock’s 50 day moving average is $41.44 and its 200 day moving average is $39.02.

Institutional Trading of T. Rowe Price Small-Mid Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in shares of T. Rowe Price Small-Mid Cap ETF by 14.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,861,191 shares of the company’s stock worth $210,786,000 after purchasing an additional 723,445 shares in the last quarter. LPL Financial LLC increased its position in T. Rowe Price Small-Mid Cap ETF by 85.3% during the fourth quarter. LPL Financial LLC now owns 4,307,521 shares of the company’s stock worth $154,640,000 after buying an additional 1,983,521 shares in the last quarter. Raymond James Financial Inc. increased its position in T. Rowe Price Small-Mid Cap ETF by 26.4% during the third quarter. Raymond James Financial Inc. now owns 1,156,696 shares of the company’s stock worth $40,681,000 after buying an additional 241,353 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of T. Rowe Price Small-Mid Cap ETF by 18.7% in the first quarter. Cetera Investment Advisers now owns 1,062,785 shares of the company’s stock worth $38,972,000 after acquiring an additional 167,075 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of T. Rowe Price Small-Mid Cap ETF by 8.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 898,723 shares of the company’s stock worth $33,576,000 after acquiring an additional 66,565 shares during the last quarter.

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