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

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) reached a new 52-week high during trading on Tuesday . The company traded as high as $47.48 and last traded at $47.48, with a volume of 18234 shares traded. The stock had previously closed at $47.11.

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

The company has a market cap of $2.66 billion, a price-to-earnings ratio of 26.98 and a beta of 1.01. The stock has a 50-day moving average price of $43.93 and a 200 day moving average price of $43.29.

Hedge Funds Weigh In On T. Rowe Price U.S. Equity Research ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSPA. Royal Bank of Canada acquired a new position in T. Rowe Price U.S. Equity Research ETF in the 1st quarter worth $1,630,000. Qube Research & Technologies Ltd acquired a new position in T. Rowe Price U.S. Equity Research ETF in the 2nd quarter worth $67,000. Raymond James Financial Inc. acquired a new position in T. Rowe Price U.S. Equity Research ETF in the 2nd quarter worth $51,000. Bank of America Corp DE boosted its stake in T. Rowe Price U.S. Equity Research ETF by 133.3% in the 2nd quarter. Bank of America Corp DE now owns 5,288 shares of the company’s stock worth $206,000 after purchasing an additional 3,021 shares during the period. Finally, MML Investors Services LLC boosted its stake in T. Rowe Price U.S. Equity Research ETF by 273.9% in the 2nd quarter. MML Investors Services LLC now owns 41,080 shares of the company’s stock worth $1,598,000 after purchasing an additional 30,094 shares during the period.

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.