Westwood Wealth Management Invests $3.54 Million in T. Rowe Price Growth Stock ETF $TGRW

Westwood Wealth Management acquired a new stake in T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) in the fourth quarter, Holdings Channel reports. The firm acquired 76,980 shares of the company’s stock, valued at approximately $3,542,000. T. Rowe Price Growth Stock ETF accounts for 2.7% of Westwood Wealth Management’s holdings, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. National Pension Service raised its position in T. Rowe Price Growth Stock ETF by 272.5% during the 3rd quarter. National Pension Service now owns 15,814,477 shares of the company’s stock worth $720,337,000 after purchasing an additional 11,568,700 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of T. Rowe Price Growth Stock ETF in the 2nd quarter valued at about $2,909,000. Berman McAleer LLC bought a new stake in shares of T. Rowe Price Growth Stock ETF in the 3rd quarter valued at about $1,179,000. BLVD Private Wealth LLC acquired a new stake in shares of T. Rowe Price Growth Stock ETF in the second quarter valued at about $291,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of T. Rowe Price Growth Stock ETF in the third quarter valued at about $226,000.

T. Rowe Price Growth Stock ETF Price Performance

Shares of TGRW opened at $40.11 on Friday. The business has a 50-day moving average of $43.33 and a 200-day moving average of $44.97. The company has a market capitalization of $819.85 million, a price-to-earnings ratio of 40.49 and a beta of 1.18. T. Rowe Price Growth Stock ETF has a 1 year low of $30.81 and a 1 year high of $48.16.

T. Rowe Price Growth Stock ETF Profile

The T. Rowe Price Growth Stock ETF (TGRW) is an exchange-traded fund that is based on the Russell 3000 Growth index. The ETF currently has 38.68m in AUM and 79 holdings. TGRW is an actively-managed, non-transparent fund that focus on companies with growth characteristics TGRW was launched on Aug 4, 2020 and is managed by T. Rowe Price.