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

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $37.57 and last traded at $37.52, with a volume of 572928 shares changing hands. The stock had previously closed at $37.30.

T. Rowe Price Capital Appreciation Equity ETF Stock Up 0.6%

The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 29.44 and a beta of 0.91. The stock’s fifty day moving average is $36.66 and its two-hundred day moving average is $34.27.

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

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in T. Rowe Price Capital Appreciation Equity ETF by 82.0% during the first quarter. Bank of New York Mellon Corp now owns 1,826,524 shares of the company’s stock worth $58,960,000 after buying an additional 822,877 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in T. Rowe Price Capital Appreciation Equity ETF by 612.5% during the first quarter. Farther Finance Advisors LLC now owns 1,995 shares of the company’s stock worth $65,000 after buying an additional 1,715 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in T. Rowe Price Capital Appreciation Equity ETF by 47.6% during the first quarter. Envestnet Asset Management Inc. now owns 344,715 shares of the company’s stock worth $11,127,000 after buying an additional 111,186 shares during the last quarter. IFP Advisors Inc increased its holdings in T. Rowe Price Capital Appreciation Equity ETF by 4,438.0% during the first quarter. IFP Advisors Inc now owns 22,690 shares of the company’s stock worth $732,000 after buying an additional 22,190 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in T. Rowe Price Capital Appreciation Equity ETF by 11.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,684,008 shares of the company’s stock worth $54,360,000 after buying an additional 175,290 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.