T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Hits New 12-Month High – Should You Buy?

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.03 and last traded at $42.03, with a volume of 81536 shares traded. The stock had previously closed at $41.49.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The firm’s 50 day moving average is $40.83 and its 200 day moving average is $38.93. The firm has a market cap of $8.13 billion, a P/E ratio of 29.44 and a beta of 0.94.

Institutional Trading of T. Rowe Price Capital Appreciation Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank purchased a new position in T. Rowe Price Capital Appreciation Equity ETF in the fourth quarter worth about $32,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF during the fourth quarter valued at approximately $40,000. Dougherty Wealth Advisers LLC bought a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF during the fourth quarter valued at approximately $50,000. Rossby Financial LCC bought a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF during the fourth quarter valued at approximately $54,000. Finally, Bank of Montreal Can purchased a new position in T. Rowe Price Capital Appreciation Equity ETF in the 4th quarter worth approximately $59,000.

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.