T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Sees Unusually-High Trading Volume – Time to Buy?

Shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAFGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 3,812,743 shares traded hands during mid-day trading, an increase of 299% from the previous session’s volume of 956,095 shares.The stock last traded at $35.30 and had previously closed at $35.85.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 29.44 and a beta of 0.91. The firm has a 50 day simple moving average of $37.45 and a two-hundred day simple moving average of $37.89.

Institutional Trading of T. Rowe Price Capital Appreciation Equity ETF

Hedge funds have recently modified their holdings of the company. Creative Planning grew its holdings in T. Rowe Price Capital Appreciation Equity ETF by 26.7% during the second quarter. Creative Planning now owns 24,673 shares of the company’s stock valued at $870,000 after purchasing an additional 5,199 shares during the period. JPMorgan Chase & Co. acquired a new stake in T. Rowe Price Capital Appreciation Equity ETF in the second quarter worth $2,049,000. Steward Partners Investment Advisory LLC boosted its position in shares of T. Rowe Price Capital Appreciation Equity ETF by 13.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,653 shares of the company’s stock worth $129,000 after purchasing an additional 443 shares in the last quarter. XTX Topco Ltd bought a new position in shares of T. Rowe Price Capital Appreciation Equity ETF during the second quarter worth $234,000. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 84.0% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 43,884 shares of the company’s stock valued at $1,548,000 after buying an additional 20,032 shares during the period.

About T. Rowe Price Capital Appreciation Equity ETF

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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.

Further Reading

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