T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Strong Trading Volume – Still a Buy?

Shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) saw strong trading volume on Thursday . Approximately 216,835 shares were traded during mid-day trading, a decline of 8% from the previous session’s volume of 235,086 shares.The stock last traded at $48.28 and had previously closed at $48.89.

T. Rowe Price Blue Chip Growth ETF Stock Down 0.4%

The firm has a fifty day moving average price of $50.71 and a two-hundred day moving average price of $48.77. The stock has a market capitalization of $2.03 billion, a P/E ratio of 37.14 and a beta of 1.19.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank bought a new position in shares of T. Rowe Price Blue Chip Growth ETF in the first quarter worth approximately $38,000. Royal Bank of Canada increased its position in shares of T. Rowe Price Blue Chip Growth ETF by 7.4% during the first quarter. Royal Bank of Canada now owns 65,275 shares of the company’s stock valued at $2,487,000 after acquiring an additional 4,524 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the second quarter valued at approximately $893,000. Benjamin Edwards Inc. raised its holdings in T. Rowe Price Blue Chip Growth ETF by 18.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 119,614 shares of the company’s stock worth $5,424,000 after acquiring an additional 18,863 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in T. Rowe Price Blue Chip Growth ETF by 46.4% in the 2nd quarter. MML Investors Services LLC now owns 52,264 shares of the company’s stock worth $2,370,000 after acquiring an additional 16,567 shares during the last quarter.

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. Rowe Price.