T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Hits New 1-Year High – Here’s What Happened

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) hit a new 52-week high on Monday. The company traded as high as $49.19 and last traded at $49.19, with a volume of 191719 shares changing hands. The stock had previously closed at $48.74.

T. Rowe Price U.S. Equity Research ETF Stock Up 0.7%

The stock has a market capitalization of $4.67 billion, a P/E ratio of 26.98 and a beta of 1.01. The company has a 50 day moving average of $48.23 and a 200-day moving average of $46.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TSPA. Kickstand Ventures LLC. bought a new position in T. Rowe Price U.S. Equity Research ETF in the second quarter worth about $36,273,000. Envestnet Asset Management Inc. lifted its position in shares of T. Rowe Price U.S. Equity Research ETF by 24.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,292,825 shares of the company’s stock valued at $61,448,000 after acquiring an additional 257,327 shares during the last quarter. Independent Financial Group LLC bought a new stake in shares of T. Rowe Price U.S. Equity Research ETF during the 1st quarter worth $6,623,000. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of T. Rowe Price U.S. Equity Research ETF by 11.7% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 902,637 shares of the company’s stock worth $36,918,000 after acquiring an additional 94,754 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of T. Rowe Price U.S. Equity Research ETF by 10.4% in the 1st quarter. Cetera Investment Advisers now owns 753,355 shares of the company’s stock worth $30,812,000 after acquiring an additional 71,091 shares during the last quarter.

About T. Rowe Price U.S. Equity Research ETF

The T. Rowe Price US Equity Research ETF (TSPA) is an exchange-traded fund. The ETF currently has 24.68m in AUM and 291 holdings. TSPA is an actively-managed, non-transparent fund that seeks long-term capital growth by investing in US-listed companies selected and weighted similar to the S&P 500 Index The fund utilizes the T TSPA was launched on Jun 8, 2021 and is managed by T. Rowe Price.