T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Reaches New 1-Year High – Still a Buy?

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.12 and last traded at $34.42, with a volume of 356 shares traded. The stock had previously closed at $34.63.

T. Rowe Price Capital Appreciation Equity ETF Stock Performance

The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 29.74 and a beta of 0.93. The stock has a 50-day moving average of $33.94 and a 200-day moving average of $33.08.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TCAF. Raymond James & Associates boosted its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 29.0% in the 3rd quarter. Raymond James & Associates now owns 658,571 shares of the company’s stock valued at $21,897,000 after buying an additional 148,102 shares during the last quarter. Creative Planning grew its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 25.7% in the 3rd quarter. Creative Planning now owns 13,544 shares of the company’s stock valued at $450,000 after acquiring an additional 2,773 shares during the period. Good Life Advisors LLC increased its stake in shares of T. Rowe Price Capital Appreciation Equity ETF by 62.9% during the 3rd quarter. Good Life Advisors LLC now owns 83,548 shares of the company’s stock worth $2,778,000 after purchasing an additional 32,254 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the 3rd quarter valued at about $1,422,000. Finally, Assetmark Inc. acquired a new stake in T. Rowe Price Capital Appreciation Equity ETF in the 3rd quarter valued at about $48,000.

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.