Modern Wealth Management LLC Has $43 Million Holdings in T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF)

Modern Wealth Management LLC raised its position in shares of T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) by 83.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,256,072 shares of the company’s stock after buying an additional 569,851 shares during the period. T. Rowe Price Capital Appreciation Equity ETF comprises 1.5% of Modern Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Modern Wealth Management LLC owned about 2.75% of T. Rowe Price Capital Appreciation Equity ETF worth $42,995,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TCAF. Global Wealth Strategies & Associates bought a new stake in T. Rowe Price Capital Appreciation Equity ETF during the 4th quarter worth approximately $27,000. Tortoise Investment Management LLC bought a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF during the fourth quarter worth $34,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the fourth quarter valued at $82,000. Hopwood Financial Services Inc. acquired a new stake in shares of T. Rowe Price Capital Appreciation Equity ETF in the fourth quarter valued at $205,000. Finally, Summit Asset Management LLC bought a new position in shares of T. Rowe Price Capital Appreciation Equity ETF in the fourth quarter valued at about $235,000.

T. Rowe Price Capital Appreciation Equity ETF Stock Up 1.3 %

Shares of NYSEARCA:TCAF opened at $33.13 on Tuesday. The firm has a market cap of $3.48 billion, a P/E ratio of 30.18 and a beta of 0.93. T. Rowe Price Capital Appreciation Equity ETF has a 12 month low of $28.80 and a 12 month high of $34.85. The company’s 50-day moving average price is $33.65 and its two-hundred day moving average price is $33.54.

About T. Rowe Price Capital Appreciation Equity ETF

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.