T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Reaches New 52-Week High – Here’s Why

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) hit a new 52-week high on Wednesday . The company traded as high as $51.79 and last traded at $51.77, with a volume of 155704 shares trading hands. The stock had previously closed at $51.27.

T. Rowe Price Blue Chip Growth ETF Trading Up 0.7%

The stock has a 50-day simple moving average of $47.18 and a 200-day simple moving average of $48.42. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 37.14 and a beta of 1.19.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

Institutional investors have recently added to or reduced their stakes in the stock. Cherry Tree Wealth Management LLC acquired a new position in T. Rowe Price Blue Chip Growth ETF during the 4th quarter worth $25,000. Triumph Capital Management acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the 4th quarter valued at about $27,000. Arax Advisory Partners bought a new position in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter worth about $30,000. Bank of Montreal Can bought a new position in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter worth about $46,000. Finally, Fifth Third Bancorp acquired a new position in T. Rowe Price Blue Chip Growth ETF in the first quarter worth about $44,000.

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. Rowe Price.