T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Sees Large Volume Increase – Time to Buy?

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) shares saw unusually-high trading volume on Thursday . Approximately 3,812,743 shares changed hands during mid-day trading, an increase of 299% from the previous session’s volume of 956,095 shares.The stock last traded at $35.30 and had previously closed at $35.85.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The firm has a market cap of $5.85 billion, a PE ratio of 29.44 and a beta of 0.91. The business has a fifty day moving average price of $37.30 and a two-hundred day moving average price of $37.85.

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

Several institutional investors and hedge funds have recently bought and sold shares of TCAF. Robertson Stephens Wealth Management LLC lifted its position 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 worth $2,572,000 after purchasing an additional 296 shares in the last quarter. Geneos Wealth Management Inc. grew its position 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 valued at $88,000 after purchasing an additional 310 shares in the last quarter. Meridian Wealth Management LLC increased its stake in T. Rowe Price Capital Appreciation Equity ETF by 6.1% in the 4th quarter. Meridian Wealth Management LLC now owns 5,728 shares of the company’s stock valued at $219,000 after buying an additional 330 shares during the period. Creative Planning increased its stake in T. Rowe Price Capital Appreciation Equity ETF by 1.4% in the 3rd quarter. Creative Planning now owns 25,022 shares of the company’s stock valued at $943,000 after buying an additional 349 shares during the period. Finally, Summit Financial LLC lifted its position in T. Rowe Price Capital Appreciation Equity ETF by 0.6% in the 4th quarter. Summit Financial LLC now owns 65,299 shares of the company’s stock worth $2,496,000 after buying an additional 412 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.