T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Reaches New 52-Week High – Time to Buy?

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) hit a new 52-week high on Monday . The stock traded as high as $42.59 and last traded at $42.50, with a volume of 44244 shares. The stock had previously closed at $42.18.

T. Rowe Price Blue Chip Growth ETF Stock Up 1.5 %

The company has a fifty day moving average of $40.80 and a two-hundred day moving average of $39.01. The stock has a market capitalization of $685.52 million, a price-to-earnings ratio of 36.31 and a beta of 1.27.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of TCHP. Cetera Investment Advisers acquired a new stake in T. Rowe Price Blue Chip Growth ETF in the first quarter valued at $4,056,000. CWM LLC raised its stake in shares of T. Rowe Price Blue Chip Growth ETF by 187.8% during the 2nd quarter. CWM LLC now owns 21,534 shares of the company’s stock worth $834,000 after buying an additional 14,053 shares during the last quarter. Harbor Group Inc. raised its stake in shares of T. Rowe Price Blue Chip Growth ETF by 0.7% during the 2nd quarter. Harbor Group Inc. now owns 377,709 shares of the company’s stock worth $14,625,000 after buying an additional 2,696 shares during the last quarter. Matrix Asset Advisors Inc. NY raised its stake in shares of T. Rowe Price Blue Chip Growth ETF by 4.1% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 57,710 shares of the company’s stock worth $2,235,000 after buying an additional 2,295 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of T. Rowe Price Blue Chip Growth ETF by 23.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 58,058 shares of the company’s stock worth $2,248,000 after buying an additional 10,883 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.