T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sets New 12-Month High – Here’s Why

Shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) hit a new 52-week high on Tuesday . The company traded as high as $40.97 and last traded at $40.94, with a volume of 54069 shares traded. The stock had previously closed at $40.65.

T. Rowe Price Blue Chip Growth ETF Trading Up 0.9 %

The business has a 50-day simple moving average of $39.20 and a 200 day simple moving average of $37.78. The stock has a market cap of $648.53 million, a P/E ratio of 36.31 and a beta of 1.27.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Goldstone Financial Group LLC purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter worth approximately $1,226,000. Diversify Wealth Management LLC purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter worth approximately $361,000. Capital Advisors Ltd. LLC raised its stake in shares of T. Rowe Price Blue Chip Growth ETF by 4.6% in the third quarter. Capital Advisors Ltd. LLC now owns 62,263 shares of the company’s stock worth $2,468,000 after purchasing an additional 2,736 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of T. Rowe Price Blue Chip Growth ETF by 3.9% in the third quarter. Private Advisor Group LLC now owns 12,324 shares of the company’s stock worth $489,000 after purchasing an additional 460 shares during the last quarter. Finally, Signaturefd LLC purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter worth approximately $70,000.

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.