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

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 $43.67 and last traded at $43.6260, with a volume of 12834 shares. The stock had previously closed at $43.50.

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

The firm has a market cap of $2.19 billion, a PE ratio of 26.98 and a beta of 1.00. The stock has a 50-day simple moving average of $42.91 and a two-hundred day simple moving average of $41.79.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. JFS Wealth Advisors LLC purchased a new stake in shares of T. Rowe Price U.S. Equity Research ETF in the third quarter valued at approximately $28,000. Clear Investment Research LLC acquired a new stake in shares of T. Rowe Price U.S. Equity Research ETF in the third quarter worth $36,000. Carolina Wealth Advisors LLC purchased a new position in T. Rowe Price U.S. Equity Research ETF during the fourth quarter valued at approximately $44,000. Osaic Holdings Inc. raised its position in shares of T. Rowe Price U.S. Equity Research ETF by 498.0% in the second quarter. Osaic Holdings Inc. now owns 1,196 shares of the company’s stock worth $47,000 after acquiring an additional 996 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of T. Rowe Price U.S. Equity Research ETF during the 2nd quarter valued at approximately $51,000.

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.