T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Large Volume Increase – Here’s What Happened

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) saw unusually-strong trading volume on Tuesday. Approximately 756,705 shares traded hands during mid-day trading, an increase of 256% from the average daily volume of 212,642 shares. The stock last traded at $47.3860 and had previously closed at $47.83.

T. Rowe Price Blue Chip Growth ETF Price Performance

The business’s fifty day moving average price is $50.30 and its 200-day moving average price is $49.25. The stock has a market capitalization of $2.07 billion, a PE ratio of 37.14 and a beta of 1.21.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

Several institutional investors and hedge funds have recently bought and sold shares of TCHP. Fifth Third Bancorp bought a new position in T. Rowe Price Blue Chip Growth ETF in the 1st quarter worth about $44,000. TD Waterhouse Canada Inc. grew its stake in T. Rowe Price Blue Chip Growth ETF by 7.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,806 shares of the company’s stock worth $188,000 after buying an additional 265 shares in the last quarter. Vise Technologies Inc. purchased a new position in T. Rowe Price Blue Chip Growth ETF in the 3rd quarter worth approximately $214,000. KFA Private Wealth Group LLC purchased a new position in T. Rowe Price Blue Chip Growth ETF in the 2nd quarter worth approximately $215,000. Finally, Fortis Capital Management LLC bought a new position in shares of T. Rowe Price Blue Chip Growth ETF in the 1st quarter worth $235,000.

About T. Rowe Price Blue Chip Growth ETF

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.