IFP Advisors Inc Trims Position in T. Rowe Price Blue Chip Growth ETF $TCHP

IFP Advisors Inc decreased its stake in shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) by 81.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,610 shares of the company’s stock after selling 20,510 shares during the quarter. IFP Advisors Inc’s holdings in T. Rowe Price Blue Chip Growth ETF were worth $225,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TCHP. Comerica Bank bought a new position in T. Rowe Price Blue Chip Growth ETF in the 1st quarter worth about $38,000. Glass Jacobson Investment Advisors llc raised its stake in shares of T. Rowe Price Blue Chip Growth ETF by 92.4% during the third quarter. Glass Jacobson Investment Advisors llc now owns 2,351 shares of the company’s stock valued at $115,000 after acquiring an additional 1,129 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter valued at approximately $172,000. Optiver Holding B.V. purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter valued at approximately $175,000. Finally, Ground Swell Capital LLC bought a new position in T. Rowe Price Blue Chip Growth ETF in the third quarter worth approximately $209,000.

T. Rowe Price Blue Chip Growth ETF Stock Down 2.4%

TCHP opened at $42.63 on Friday. The stock’s fifty day moving average is $46.91 and its two-hundred day moving average is $48.52. The company has a market capitalization of $1.60 billion, a P/E ratio of 37.14 and a beta of 1.15. T. Rowe Price Blue Chip Growth ETF has a 52 week low of $32.67 and a 52 week high of $51.77.

T. Rowe Price Blue Chip Growth ETF 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.