T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Reaches New 1-Year High – Time to Buy?

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $41.19 and last traded at $41.14, with a volume of 13462 shares trading hands. The stock had previously closed at $40.43.

T. Rowe Price Blue Chip Growth ETF Stock Up 0.2 %

The stock has a 50-day moving average of $39.51 and a 200 day moving average of $38.09. The company has a market capitalization of $666.55 million, a PE ratio of 36.31 and a beta of 1.27.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC lifted its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 3.9% in the third quarter. Private Advisor Group LLC now owns 12,324 shares of the company’s stock worth $489,000 after buying an additional 460 shares in the last quarter. Cetera Investment Advisers purchased a new position in T. Rowe Price Blue Chip Growth ETF during the first quarter worth about $4,056,000. Signaturefd LLC purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the 3rd quarter valued at about $70,000. International Assets Investment Management LLC bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the 2nd quarter valued at about $61,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 122.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,036 shares of the company’s stock worth $37,000 after purchasing an additional 571 shares in the last quarter.

About T. Rowe Price Blue Chip Growth ETF

The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T.