T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Sees Strong Trading Volume – Still a Buy?

T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) shares saw an uptick in trading volume on Tuesday . Approximately 295,698 shares traded hands during mid-day trading, an increase of 1,407% from the previous session’s volume of 19,625 shares.The stock last traded at $47.44 and had previously closed at $48.16.

T. Rowe Price Growth Stock ETF Trading Down 1.5%

The stock has a market capitalization of $1.02 billion, a P/E ratio of 40.49 and a beta of 1.22. The stock’s 50 day simple moving average is $46.90 and its 200 day simple moving average is $45.31.

Hedge Funds Weigh In On T. Rowe Price Growth Stock ETF

Large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its stake in T. Rowe Price Growth Stock ETF by 13.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,370,001 shares of the company’s stock worth $109,044,000 after purchasing an additional 275,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in T. Rowe Price Growth Stock ETF by 0.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,929 shares of the company’s stock valued at $3,402,000 after buying an additional 450 shares in the last quarter. MidFirst Bank acquired a new stake in T. Rowe Price Growth Stock ETF during the fourth quarter valued at approximately $2,964,000. Kestra Advisory Services LLC raised its stake in T. Rowe Price Growth Stock ETF by 36.4% during the first quarter. Kestra Advisory Services LLC now owns 28,887 shares of the company’s stock valued at $1,170,000 after buying an additional 7,713 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in T. Rowe Price Growth Stock ETF by 29.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 27,084 shares of the company’s stock worth $1,246,000 after buying an additional 6,152 shares during the last quarter.

About T. Rowe Price Growth Stock ETF

The T. Rowe Price Growth Stock ETF (TGRW) is an exchange-traded fund that is based on the Russell 3000 Growth index. The ETF currently has 38.68m in AUM and 79 holdings. TGRW is an actively-managed, non-transparent fund that focus on companies with growth characteristics TGRW was launched on Aug 4, 2020 and is managed by T. Rowe Price.