T. Rowe Price ETF TSPA Nears $3B After $250M Inflow

T. Rowe Price’s U.S. Equity Research ETF (TSPA) drew over $250 million in inflows in the most recent week and is nearing $3 billion in assets under management, according to fund data. The week’s inflows account for more than half of the fund’s year-to-date net flows.

TSPA launched in June 2021 and charges a 34 basis point fee. The fund uses T. Rowe Price’s fundamental equity research to construct a portfolio that is broadly similar to the S&P 500 while overweighting or underweighting individual stocks with the aim of outperforming the benchmark, as described in the fund’s prospectus.

Performance data show the fund returned about 9.5% year-to-date and roughly 32% over the past 12 months. Those figures exceed the Large Cap Blend equities category averages of 7.85% YTD and 25.36% over one year. Fund records also indicate TSPA has outpaced the S&P 500 year-to-date and over the past three years.

Technical indicators for the ETF show its share price has moved above both its 50-day and 200-day simple moving averages, a common measure used to track upward price momentum. The combination of recent cash inflows and the price trend places the fund close to the $3 billion threshold for the first time.

The inflow spike into TSPA occurred amid broader growth in active exchange-traded funds. Active ETFs have attracted relatively large flows compared with their asset bases and have represented a substantial portion of recent ETF launches. The recent volume into TSPA made up a significant portion of the fund’s net inflows this year.

TSPA will reach its fifth anniversary on June 8. Fund documents and market data indicate the ETF is approaching several near-term milestones, including exceeding $3 billion in assets.