T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Hits New 12-Month High – Still a Buy?

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHPGet Free Report)’s share price reached a new 52-week high on Thursday . The company traded as high as $52.31 and last traded at $52.17, with a volume of 18012 shares trading hands. The stock had previously closed at $52.03.

T. Rowe Price Blue Chip Growth ETF Price Performance

The firm has a market cap of $2.18 billion, a P/E ratio of 37.14 and a beta of 1.19. The business’s 50-day moving average is $48.33 and its two-hundred day moving average is $48.53.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. WNY Asset Management LLC bought a new position in T. Rowe Price Blue Chip Growth ETF in the first quarter valued at $603,000. Arete Wealth Advisors LLC bought a new position in T. Rowe Price Blue Chip Growth ETF in the first quarter valued at $2,551,000. NewEdge Advisors LLC grew its position in T. Rowe Price Blue Chip Growth ETF by 12.6% in the first quarter. NewEdge Advisors LLC now owns 96,807 shares of the company’s stock valued at $4,277,000 after purchasing an additional 10,813 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of T. Rowe Price Blue Chip Growth ETF by 3.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 50,099 shares of the company’s stock valued at $2,213,000 after acquiring an additional 1,470 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of T. Rowe Price Blue Chip Growth ETF by 9.8% in the 1st quarter. Cetera Investment Advisers now owns 3,921,510 shares of the company’s stock valued at $173,252,000 after acquiring an additional 350,571 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.

Further Reading

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