T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Reaches New 1-Year High – What’s Next?

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $43.98 and last traded at $43.90, with a volume of 33431 shares traded. The stock had previously closed at $43.21.

T. Rowe Price Blue Chip Growth ETF Price Performance

The stock has a market capitalization of $694.94 million, a P/E ratio of 36.31 and a beta of 1.27. The company has a fifty day moving average of $42.56 and a two-hundred day moving average of $40.24.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC acquired a new position in T. Rowe Price Blue Chip Growth ETF in the third quarter valued at approximately $70,000. Prospera Financial Services Inc acquired a new position in T. Rowe Price Blue Chip Growth ETF in the third quarter valued at approximately $213,000. Wealthcare Advisory Partners LLC bought a new position in T. Rowe Price Blue Chip Growth ETF in the 4th quarter worth approximately $243,000. Equita Financial Network Inc. bought a new position in T. Rowe Price Blue Chip Growth ETF in the 3rd quarter worth approximately $257,000. Finally, Diversify Wealth Management LLC bought a new position in T. Rowe Price Blue Chip Growth ETF during the 3rd quarter valued at $361,000.

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.