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

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $49.51 and last traded at $49.19, with a volume of 86280 shares traded. The stock had previously closed at $49.37.

T. Rowe Price Blue Chip Growth ETF Stock Performance

The company has a market cap of $1.61 billion, a P/E ratio of 37.14 and a beta of 1.14. The stock has a 50-day moving average of $47.76 and a two-hundred day moving average of $43.74.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TCHP. Cetera Investment Advisers lifted its position in T. Rowe Price Blue Chip Growth ETF by 108.9% in the 2nd quarter. Cetera Investment Advisers now owns 3,282,913 shares of the company’s stock valued at $148,880,000 after acquiring an additional 1,711,474 shares in the last quarter. Armstrong Fleming & Moore Inc bought a new stake in T. Rowe Price Blue Chip Growth ETF in the 2nd quarter worth approximately $19,858,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 28.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,959,197 shares of the company’s stock worth $88,850,000 after buying an additional 434,992 shares during the last quarter. Janney Montgomery Scott LLC increased its position in T. Rowe Price Blue Chip Growth ETF by 670.1% during the first quarter. Janney Montgomery Scott LLC now owns 242,529 shares of the company’s stock valued at $9,238,000 after acquiring an additional 211,034 shares during the last quarter. Finally, Elevation Capital Advisory LLC boosted its position in T. Rowe Price Blue Chip Growth ETF by 254.2% in the second quarter. Elevation Capital Advisory LLC now owns 288,685 shares of the company’s stock worth $13,092,000 after purchasing an additional 207,184 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.