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

Shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $52.31 and last traded at $52.17, with a volume of 18012 shares. The stock had previously closed at $52.03.

T. Rowe Price Blue Chip Growth ETF Stock Up 0.5%

The firm has a fifty day moving average of $48.61 and a 200-day moving average of $48.59. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 37.14 and a beta of 1.19.

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

Several hedge funds and other institutional investors have recently bought and sold shares of TCHP. Cetera Investment Advisers increased its position in T. Rowe Price Blue Chip Growth ETF by 9.8% during the first quarter. Cetera Investment Advisers now owns 3,921,510 shares of the company’s stock worth $173,252,000 after buying an additional 350,571 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in T. Rowe Price Blue Chip Growth ETF during the first quarter worth $104,521,000. Glenview Trust Co increased its position in T. Rowe Price Blue Chip Growth ETF by 5.9% during the first quarter. Glenview Trust Co now owns 2,061,290 shares of the company’s stock worth $91,068,000 after buying an additional 114,354 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in T. Rowe Price Blue Chip Growth ETF by 16.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,760,001 shares of the company’s stock worth $87,754,000 after buying an additional 250,000 shares in the last quarter. Finally, Trust Co of Kansas increased its position in T. Rowe Price Blue Chip Growth ETF by 1.8% during the fourth quarter. Trust Co of Kansas now owns 1,029,118 shares of the company’s stock worth $51,312,000 after buying an additional 17,834 shares in the last quarter.

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. Rowe Price.