T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Reaches New 1-Year High – Still a Buy?

T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.26 and last traded at $48.26, with a volume of 1350 shares trading hands. The stock had previously closed at $47.72.

T. Rowe Price Growth Stock ETF Stock Performance

The stock has a 50-day moving average of $43.49 and a 200-day moving average of $44.72. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 40.49 and a beta of 1.21.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC acquired a new position in shares of T. Rowe Price Growth Stock ETF during the 2nd quarter worth approximately $34,000. Geneos Wealth Management Inc. increased its position in shares of T. Rowe Price Growth Stock ETF by 162.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 920 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of T. Rowe Price Growth Stock ETF by 78.5% during the 4th quarter. Farther Finance Advisors LLC now owns 937 shares of the company’s stock worth $43,000 after purchasing an additional 412 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of T. Rowe Price Growth Stock ETF during the 4th quarter worth approximately $44,000. Finally, Investor s Fiduciary Advisor Network LLC acquired a new position in shares of T. Rowe Price Growth Stock ETF during the 4th quarter worth approximately $209,000.

About T. Rowe Price Growth Stock ETF

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.