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

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHPGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 216,835 shares changed hands during 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 business’s 50-day simple moving average is $50.71 and its 200-day simple moving average is $48.77. The stock has a market cap of $2.03 billion, a PE ratio of 37.14 and a beta of 1.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TCHP. Armstrong Fleming & Moore Inc lifted its stake in T. Rowe Price Blue Chip Growth ETF by 6.6% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 506,688 shares of the company’s stock worth $25,263,000 after acquiring an additional 31,162 shares during the period. Sound Income Strategies LLC purchased a new position in T. Rowe Price Blue Chip Growth ETF during the 4th quarter valued at $9,218,000. Bradley Foster & Sargent Inc. CT purchased a new position in T. Rowe Price Blue Chip Growth ETF during the 3rd quarter valued at $797,000. Cambria Investment Management L.P. bought a new position in T. Rowe Price Blue Chip Growth ETF in the 3rd quarter worth $539,000. Finally, Glenview Trust Co raised its holdings in T. Rowe Price Blue Chip Growth ETF by 7.6% in the 4th quarter. Glenview Trust Co now owns 1,946,936 shares of the company’s stock worth $97,074,000 after purchasing an additional 136,690 shares in the last quarter.

About T. Rowe Price Blue Chip Growth ETF

(Get Free Report)

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.

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