T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Hits New 1-Year High – Still a Buy?

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $43.98 and last traded at $43.90, with a volume of 33431 shares. The stock had previously closed at $43.21.

T. Rowe Price Blue Chip Growth ETF Price Performance

The company has a market cap of $695.80 million, a PE ratio of 36.31 and a beta of 1.27. The business has a fifty day simple moving average of $42.64 and a two-hundred day simple moving average of $40.30.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

A number of institutional investors have recently modified their holdings of the company. Private Advisor Group LLC grew its stake in T. Rowe Price Blue Chip Growth ETF by 3.9% during the 3rd quarter. Private Advisor Group LLC now owns 12,324 shares of the company’s stock worth $489,000 after buying an additional 460 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in T. Rowe Price Blue Chip Growth ETF by 22.1% in the third quarter. Janney Montgomery Scott LLC now owns 28,924 shares of the company’s stock worth $1,147,000 after acquiring an additional 5,230 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the third quarter worth about $70,000. HighTower Advisors LLC increased its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 8.6% during the third quarter. HighTower Advisors LLC now owns 11,669 shares of the company’s stock valued at $463,000 after acquiring an additional 922 shares in the last quarter. Finally, CWM LLC raised its position in shares of T. Rowe Price Blue Chip Growth ETF by 81.4% in the 3rd quarter. CWM LLC now owns 39,067 shares of the company’s stock valued at $1,549,000 after purchasing an additional 17,533 shares during 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.