T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Hits New 1-Year High – Should You Buy?

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $43.84 and last traded at $43.8750, with a volume of 262,170 shares trading hands. The stock had previously closed at $42.88.

T. Rowe Price Capital Appreciation Equity ETF Trading Up 2.0%

The firm has a 50-day moving average of $42.87 and a 200 day moving average of $40.21. The company has a market cap of $8.22 billion, a P/E ratio of 29.44 and a beta of 0.94.

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

Several institutional investors have recently added to or reduced their stakes in TCAF. Commonwealth Equity Services LLC acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF during the 3rd quarter worth approximately $235,077,000. Eastern Bank bought a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the 3rd quarter valued at $30,462,000. D.A. Davidson & CO. bought a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the 3rd quarter valued at $20,131,000. Harfst & Associates Inc. bought a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the 3rd quarter valued at $15,624,000. Finally, Eclectic Associates Inc. ADV acquired a new position in shares of T. Rowe Price Capital Appreciation Equity ETF during the 3rd quarter valued at $11,597,000.

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.