T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Reaches New 12-Month High – Here’s Why

Shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) reached a new 52-week high during trading on Friday . The company traded as high as $40.64 and last traded at $40.58, with a volume of 21675 shares trading hands. The stock had previously closed at $40.23.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The firm has a market cap of $7.27 billion, a P/E ratio of 29.44 and a beta of 0.94. The company’s 50-day moving average is $37.90 and its two-hundred day moving average is $38.03.

Institutional Trading of T. Rowe Price Capital Appreciation Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Diversified Management Inc. bought a new position in shares of T. Rowe Price Capital Appreciation Equity ETF in the 4th quarter valued at $5,667,000. DKM Wealth Management Inc. lifted its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 8.0% during the 4th quarter. DKM Wealth Management Inc. now owns 410,943 shares of the company’s stock worth $15,706,000 after buying an additional 30,545 shares during the last quarter. HighTower Advisors LLC boosted its stake in T. Rowe Price Capital Appreciation Equity ETF by 10.6% in the third quarter. HighTower Advisors LLC now owns 253,900 shares of the company’s stock valued at $9,572,000 after buying an additional 24,335 shares in the last quarter. Allworth Financial LP boosted its stake in T. Rowe Price Capital Appreciation Equity ETF by 6.3% in the third quarter. Allworth Financial LP now owns 286,735 shares of the company’s stock valued at $10,810,000 after buying an additional 17,115 shares in the last quarter. Finally, United Advisor Group LLC grew its position in T. Rowe Price Capital Appreciation Equity ETF by 42.4% in the fourth quarter. United Advisor Group LLC now owns 70,021 shares of the company’s stock valued at $2,676,000 after acquiring an additional 20,833 shares during the last quarter.

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.