T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Sets New 1-Year High – Should You Buy?

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $46.97 and last traded at $46.86, with a volume of 269299 shares. The stock had previously closed at $46.71.

T. Rowe Price U.S. Equity Research ETF Stock Up 0.6%

The stock has a market cap of $2.65 billion, a PE ratio of 26.98 and a beta of 1.01. The company has a fifty day moving average price of $43.22 and a 200 day moving average price of $43.07.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TSPA. Royal Bank of Canada purchased a new position in shares of T. Rowe Price U.S. Equity Research ETF in the first quarter worth about $1,630,000. Qube Research & Technologies Ltd purchased a new position in shares of T. Rowe Price U.S. Equity Research ETF in the second quarter worth about $67,000. Raymond James Financial Inc. purchased a new position in shares of T. Rowe Price U.S. Equity Research ETF in the second quarter worth about $51,000. Bank of America Corp DE increased its holdings in shares of T. Rowe Price U.S. Equity Research ETF by 133.3% in the second quarter. Bank of America Corp DE now owns 5,288 shares of the company’s stock worth $206,000 after buying an additional 3,021 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of T. Rowe Price U.S. Equity Research ETF by 273.9% in the second quarter. MML Investors Services LLC now owns 41,080 shares of the company’s stock worth $1,598,000 after buying an additional 30,094 shares during the period.

About T. Rowe Price U.S. Equity Research ETF

The T. Rowe Price US Equity Research ETF (TSPA) is an exchange-traded fund. The ETF currently has 24.68m in AUM and 291 holdings. TSPA is an actively-managed, non-transparent fund that seeks long-term capital growth by investing in US-listed companies selected and weighted similar to the S&P 500 Index The fund utilizes the T TSPA was launched on Jun 8, 2021 and is managed by T. Rowe Price.