T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sets New 52-Week High – Should You Buy?

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) hit a new 52-week high during trading on Wednesday . The company traded as high as $43.73 and last traded at $43.71, with a volume of 12195 shares traded. The stock had previously closed at $43.11.

T. Rowe Price Blue Chip Growth ETF Stock Performance

The business’s 50 day moving average is $41.18 and its 200-day moving average is $39.26. The stock has a market cap of $694.22 million, a price-to-earnings ratio of 36.31 and a beta of 1.27.

Institutional Investors Weigh In On T. Rowe Price Blue Chip Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its holdings in T. Rowe Price Blue Chip Growth ETF by 154.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 315,758 shares of the company’s stock valued at $12,226,000 after buying an additional 191,612 shares during the period. Benjamin Edwards Inc. acquired a new position in T. Rowe Price Blue Chip Growth ETF in the 3rd quarter valued at about $4,256,000. Cambridge Investment Research Advisors Inc. grew its position in T. Rowe Price Blue Chip Growth ETF by 129.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 134,643 shares of the company’s stock valued at $5,213,000 after acquiring an additional 75,865 shares in the last quarter. Ted Buchan & Co acquired a new position in T. Rowe Price Blue Chip Growth ETF in the 2nd quarter valued at about $2,522,000. Finally, D.A. Davidson & CO. grew its position in T. Rowe Price Blue Chip Growth ETF by 95.2% in the 2nd quarter. D.A. Davidson & CO. now owns 117,062 shares of the company’s stock valued at $4,533,000 after acquiring an additional 57,093 shares in the last quarter.

T. Rowe Price Blue Chip Growth ETF Company Profile

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.