T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Reaches New 52-Week High – Here’s Why

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHPGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $51.79 and last traded at $51.77, with a volume of 155704 shares changing hands. The stock had previously closed at $51.27.

T. Rowe Price Blue Chip Growth ETF Stock Performance

The business’s 50 day moving average price is $47.18 and its two-hundred day moving average price is $48.42. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 37.14 and a beta of 1.19.

Hedge Funds Weigh In On T. Rowe Price Blue Chip Growth ETF

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the 1st quarter worth $104,521,000. Mars Jewett Financial Group Inc. bought a new position in T. Rowe Price Blue Chip Growth ETF during the fourth quarter valued at about $18,545,000. Price T Rowe Associates Inc. MD boosted its stake in T. Rowe Price Blue Chip Growth ETF by 16.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,760,001 shares of the company’s stock valued at $87,754,000 after buying an additional 250,000 shares in the last quarter. &PARTNERS grew its holdings in T. Rowe Price Blue Chip Growth ETF by 1,126.6% during the fourth quarter. &PARTNERS now owns 236,866 shares of the company’s stock worth $11,810,000 after acquiring an additional 217,556 shares during the period. Finally, Cetera Investment Advisers grew its holdings in T. Rowe Price Blue Chip Growth ETF by 5.6% during the fourth quarter. Cetera Investment Advisers now owns 3,570,939 shares of the company’s stock worth $178,047,000 after acquiring an additional 189,906 shares during the period.

About T. Rowe Price Blue Chip Growth ETF

(Get Free Report)

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. Rowe Price.

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