T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Hits New 1-Year High – Here’s Why

Shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) 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 Stock Down 0.3%

The firm has a market capitalization of $7.47 billion, a PE ratio of 29.44 and a beta of 0.94. The stock has a 50-day moving average price of $40.37 and a 200 day moving average price of $38.59.

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

Hedge funds have recently made changes to their positions in the company. Huntington National Bank acquired a new position in T. Rowe Price Capital Appreciation Equity ETF in the 4th quarter valued at $32,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the fourth quarter valued at approximately $40,000. Dougherty Wealth Advisers LLC acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the fourth quarter valued at approximately $50,000. Rossby Financial LCC acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the fourth quarter valued at approximately $54,000. Finally, Geneos Wealth Management Inc. boosted its stake in T. Rowe Price Capital Appreciation Equity ETF by 243.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,595 shares of the company’s stock worth $56,000 after buying an additional 1,130 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.