T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Hits New 12-Month High – Time to Buy?

Shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) reached a new 52-week high on Wednesday . The company traded as high as $41.26 and last traded at $41.06, with a volume of 33663 shares trading hands. The stock had previously closed at $41.10.

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

The business has a fifty day moving average of $40.19 and a 200 day moving average of $38.49. The firm has a market cap of $7.45 billion, a P/E ratio of 29.44 and a beta of 0.94.

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

Several institutional investors have recently modified their holdings of TCAF. Robertson Stephens Wealth Management LLC raised its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 0.4% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 67,284 shares of the company’s stock valued at $2,572,000 after purchasing an additional 296 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 15.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,305 shares of the company’s stock worth $88,000 after purchasing an additional 310 shares during the last quarter. Meridian Wealth Management LLC grew its position in T. Rowe Price Capital Appreciation Equity ETF by 6.1% in the fourth quarter. Meridian Wealth Management LLC now owns 5,728 shares of the company’s stock valued at $219,000 after purchasing an additional 330 shares in the last quarter. Creative Planning grew its position in T. Rowe Price Capital Appreciation Equity ETF by 1.4% in the third quarter. Creative Planning now owns 25,022 shares of the company’s stock valued at $943,000 after purchasing an additional 349 shares in the last quarter. Finally, Hopwood Financial Services Inc. increased its stake in T. Rowe Price Capital Appreciation Equity ETF by 4.4% in the 1st quarter. Hopwood Financial Services Inc. now owns 9,395 shares of the company’s stock valued at $334,000 after buying an additional 400 shares during 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.