T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $45.92 and traded as low as $44.60. T. Rowe Price Growth Stock ETF shares last traded at $45.10, with a volume of 15,390 shares.

T. Rowe Price Growth Stock ETF Stock Down 3.0%

The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 40.49 and a beta of 1.22. The company has a fifty day moving average of $47.62 and a two-hundred day moving average of $45.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Security National Bank of Sioux City Iowa IA increased its stake in shares of T. Rowe Price Growth Stock ETF by 82.5% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 53,618 shares of the company’s stock worth $2,559,000 after acquiring an additional 24,231 shares during the period. Sigma Planning Corp purchased a new position in T. Rowe Price Growth Stock ETF during the third quarter worth about $1,169,000. Security National Bank of SO Dak lifted its position in T. Rowe Price Growth Stock ETF by 16.9% in the second quarter. Security National Bank of SO Dak now owns 13,138 shares of the company’s stock valued at $627,000 after purchasing an additional 1,896 shares during the period. Bank of America Corp DE lifted its position in T. Rowe Price Growth Stock ETF by 9.3% in the first quarter. Bank of America Corp DE now owns 26,884 shares of the company’s stock valued at $1,089,000 after purchasing an additional 2,281 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in T. Rowe Price Growth Stock ETF by 36.4% in the first quarter. Kestra Advisory Services LLC now owns 28,887 shares of the company’s stock valued at $1,170,000 after purchasing an additional 7,713 shares during the period.

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.