T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Hits New 12-Month High – Still a Buy?

Shares of T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $43.54 and last traded at $43.5190, with a volume of 53916 shares traded. The stock had previously closed at $43.24.

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

The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 26.98 and a beta of 1.00. The business has a fifty day moving average price of $42.76 and a two-hundred day moving average price of $41.44.

Institutional Trading of T. Rowe Price U.S. Equity Research ETF

Several large investors have recently made changes to their positions in TSPA. M&T Bank Corp increased its stake in shares of T. Rowe Price U.S. Equity Research ETF by 15.7% in the second quarter. M&T Bank Corp now owns 5,689,431 shares of the company’s stock worth $221,235,000 after acquiring an additional 773,339 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new stake in T. Rowe Price U.S. Equity Research ETF during the 3rd quarter worth about $30,262,000. Envestnet Asset Management Inc. raised its stake in shares of T. Rowe Price U.S. Equity Research ETF by 545.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 742,679 shares of the company’s stock valued at $28,883,000 after buying an additional 627,581 shares during the last quarter. Forvis Mazars Wealth Advisors LLC raised its stake in shares of T. Rowe Price U.S. Equity Research ETF by 55.6% during the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,476,762 shares of the company’s stock valued at $57,431,000 after buying an additional 527,957 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of T. Rowe Price U.S. Equity Research ETF by 24.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,785,415 shares of the company’s stock valued at $74,827,000 after buying an additional 345,164 shares during the period.

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.