Parsons Capital Management Inc. RI Raises Position in T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)

Parsons Capital Management Inc. RI increased its position in shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) by 39.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 261,021 shares of the company’s stock after purchasing an additional 73,238 shares during the period. Parsons Capital Management Inc. RI’s holdings in T. Rowe Price Capital Appreciation Equity ETF were worth $8,199,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co lifted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 78.6% in the second quarter. WASHINGTON TRUST Co now owns 875 shares of the company’s stock valued at $27,000 after acquiring an additional 385 shares during the period. Annapolis Financial Services LLC purchased a new position in shares of T. Rowe Price Capital Appreciation Equity ETF in the 2nd quarter valued at about $78,000. Financial Connections Group Inc. lifted its stake in shares of T. Rowe Price Capital Appreciation Equity ETF by 16.7% in the first quarter. Financial Connections Group Inc. now owns 3,501 shares of the company’s stock valued at $106,000 after purchasing an additional 501 shares during the period. Concourse Financial Group Securities Inc. purchased a new stake in T. Rowe Price Capital Appreciation Equity ETF during the first quarter worth about $114,000. Finally, PCG Wealth Advisors LLC acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the 2nd quarter worth approximately $214,000.

T. Rowe Price Capital Appreciation Equity ETF Price Performance

TCAF traded up $0.24 during trading on Monday, reaching $32.47. 377,455 shares of the stock were exchanged, compared to its average volume of 519,752. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 29.74 and a beta of 0.93. T. Rowe Price Capital Appreciation Equity ETF has a 1 year low of $23.95 and a 1 year high of $32.49. The business’s 50 day moving average price is $31.57 and its two-hundred day moving average price is $30.42.

T. Rowe Price Capital Appreciation Equity ETF 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.