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

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $41.69 and last traded at $41.59, with a volume of 369713 shares changing hands. The stock had previously closed at $41.41.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The business’s 50-day moving average price is $40.29 and its two-hundred day moving average price is $38.54. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 29.44 and a beta of 0.94.

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

A number of institutional investors have recently modified their holdings of the stock. Huntington National Bank bought a new position in shares of T. Rowe Price Capital Appreciation Equity ETF during the fourth quarter worth about $32,000. Litman Gregory Wealth Management LLC acquired a new stake in T. Rowe Price Capital Appreciation Equity ETF during the fourth quarter valued at approximately $40,000. Dougherty Wealth Advisers LLC bought a new position in T. Rowe Price Capital Appreciation Equity ETF during the 4th quarter worth approximately $50,000. Rossby Financial LCC bought a new position in T. Rowe Price Capital Appreciation Equity ETF during the 4th quarter worth approximately $54,000. Finally, Geneos Wealth Management Inc. grew its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 243.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,595 shares of the company’s stock worth $56,000 after acquiring an additional 1,130 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.