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

Shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) reached a new 52-week high during trading on Tuesday . The company traded as high as $45.43 and last traded at $45.35, with a volume of 114983 shares trading hands. The stock had previously closed at $45.04.

T. Rowe Price Blue Chip Growth ETF Stock Performance

The firm has a market capitalization of $1.38 billion, a PE ratio of 34.99 and a beta of 1.14. The stock’s 50 day simple moving average is $42.22 and its two-hundred day simple moving average is $41.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in T. Rowe Price Blue Chip Growth ETF in the 1st quarter valued at about $25,000. Comerica Bank purchased a new position in T. Rowe Price Blue Chip Growth ETF in the first quarter worth approximately $38,000. Russell Investments Group Ltd. acquired a new stake in T. Rowe Price Blue Chip Growth ETF during the first quarter worth $67,000. Centaurus Financial Inc. purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF during the 4th quarter worth $136,000. Finally, TD Waterhouse Canada Inc. lifted its position in T. Rowe Price Blue Chip Growth ETF by 1,466.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,603 shares of the company’s stock valued at $150,000 after buying an additional 3,373 shares during 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.