T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Reaches New 12-Month High – Still a Buy?

Shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $43.73 and last traded at $43.71, with a volume of 12195 shares changing hands. The stock had previously closed at $43.11.

T. Rowe Price Blue Chip Growth ETF Trading Down 0.5 %

The firm has a market cap of $686.79 million, a PE ratio of 36.31 and a beta of 1.27. The company has a 50 day moving average price of $41.36 and a 200 day moving average price of $39.32.

Institutional Investors Weigh In On T. Rowe Price Blue Chip Growth ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Trust Co of Kansas increased its position in T. Rowe Price Blue Chip Growth ETF by 0.9% during the third quarter. Trust Co of Kansas now owns 688,067 shares of the company’s stock worth $27,275,000 after buying an additional 6,151 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in T. Rowe Price Blue Chip Growth ETF by 154.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 315,758 shares of the company’s stock valued at $12,226,000 after purchasing an additional 191,612 shares during the last quarter. Armstrong Fleming & Moore Inc lifted its holdings in T. Rowe Price Blue Chip Growth ETF by 9.6% in the 3rd quarter. Armstrong Fleming & Moore Inc now owns 306,090 shares of the company’s stock valued at $12,133,000 after purchasing an additional 26,872 shares in the last quarter. Souders Financial Advisors boosted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 2.6% during the 2nd quarter. Souders Financial Advisors now owns 223,872 shares of the company’s stock worth $8,668,000 after purchasing an additional 5,690 shares during the last quarter. Finally, Linscomb Wealth Inc. grew its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 2.1% during the third quarter. Linscomb Wealth Inc. now owns 219,423 shares of the company’s stock worth $8,698,000 after buying an additional 4,610 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.