T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Hits New 12-Month High – Here’s What Happened

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) shares reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $43.84 and last traded at $43.8750, with a volume of 262,170 shares traded. The stock had previously closed at $42.88.

T. Rowe Price Capital Appreciation Equity ETF Stock Up 2.0%

The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 29.44 and a beta of 0.94. The stock has a 50 day moving average of $42.87 and a 200 day moving average of $40.21.

Hedge Funds Weigh In On T. Rowe Price Capital Appreciation Equity ETF

Several hedge funds have recently bought and sold shares of TCAF. Commonwealth Equity Services LLC acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF during the third quarter worth $235,077,000. Bank of America Corp DE lifted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 11.0% in the first quarter. Bank of America Corp DE now owns 1,901,881 shares of the company’s stock valued at $67,688,000 after buying an additional 188,536 shares during the period. Cetera Investment Advisers lifted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 8.9% in the first quarter. Cetera Investment Advisers now owns 1,508,192 shares of the company’s stock valued at $53,677,000 after buying an additional 123,670 shares during the period. PYA Waltman Capital LLC lifted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 4.5% in the second quarter. PYA Waltman Capital LLC now owns 870,538 shares of the company’s stock valued at $35,779,000 after buying an additional 37,799 shares during the period. Finally, Eastern Bank bought a new stake in T. Rowe Price Capital Appreciation Equity ETF during the third quarter valued at $30,462,000.

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.