T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) Sees Strong Trading Volume – Here’s Why

T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) shares saw unusually-strong trading volume on Thursday . 577,463 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 392,999 shares.The stock last traded at $43.53 and had previously closed at $43.91.

T. Rowe Price Small-Mid Cap ETF Trading Up 0.6%

The company has a market cap of $2.81 billion, a price-to-earnings ratio of 18.92 and a beta of 1.09. The firm’s fifty day simple moving average is $43.30 and its 200 day simple moving average is $40.65.

Institutional Investors Weigh In On T. Rowe Price Small-Mid Cap ETF

Several institutional investors have recently modified their holdings of the company. Arax Advisory Partners acquired a new position in T. Rowe Price Small-Mid Cap ETF in the fourth quarter valued at approximately $27,000. Bank of Montreal Can purchased a new stake in shares of T. Rowe Price Small-Mid Cap ETF during the 4th quarter worth approximately $29,000. Harbor Investment Advisory LLC purchased a new stake in T. Rowe Price Small-Mid Cap ETF in the second quarter valued at $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of T. Rowe Price Small-Mid Cap ETF during the fourth quarter worth about $36,000. Finally, National Bank of Canada FI purchased a new stake in shares of T. Rowe Price Small-Mid Cap ETF in the 3rd quarter valued at about $42,000.

About T. Rowe Price Small-Mid Cap ETF

The T. Rowe Price Small-Mid Cap ETF (TMSL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on extended market equity. TMSL is an actively managed fund that invests in US small- and mid-cap companies with either growth or value characteristics