T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Reaches New 52-Week High – Here’s Why

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.11 and last traded at $43.09, with a volume of 253808 shares trading hands. The stock had previously closed at $42.88.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The firm has a market cap of $8.30 billion, a P/E ratio of 29.44 and a beta of 0.93. The firm’s 50 day moving average is $41.23 and its 200 day moving average is $39.23.

Institutional Trading of T. Rowe Price Capital Appreciation Equity ETF

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the 2nd quarter worth approximately $2,049,000. Brown Advisory Inc. purchased a new position in T. Rowe Price Capital Appreciation Equity ETF during the second quarter valued at $216,000. Qube Research & Technologies Ltd bought a new stake in T. Rowe Price Capital Appreciation Equity ETF in the second quarter worth $1,398,000. Raymond James Financial Inc. boosted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 19.3% in the second quarter. Raymond James Financial Inc. now owns 5,351,355 shares of the company’s stock worth $188,796,000 after acquiring an additional 865,066 shares in the last quarter. Finally, NCM Capital Management LLC boosted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 12.8% in the second quarter. NCM Capital Management LLC now owns 169,122 shares of the company’s stock worth $5,974,000 after acquiring an additional 19,220 shares in the last quarter.

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.