T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Hits New 12-Month High – Still a Buy?

T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $48.37 and last traded at $48.36, with a volume of 2406 shares changing hands. The stock had previously closed at $48.20.

T. Rowe Price Growth Stock ETF Price Performance

The firm’s 50-day moving average is $44.64 and its 200-day moving average is $44.80. The company has a market capitalization of $1.05 billion, a P/E ratio of 40.49 and a beta of 1.21.

Hedge Funds Weigh In On T. Rowe Price Growth Stock ETF

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in T. Rowe Price Growth Stock ETF by 9.3% during 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 in the last quarter. Sigma Planning Corp lifted its holdings in T. Rowe Price Growth Stock ETF by 9.1% during the first quarter. Sigma Planning Corp now owns 20,638 shares of the company’s stock valued at $836,000 after purchasing an additional 1,723 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in T. Rowe Price Growth Stock ETF by 36.4% during 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 in the last quarter. MidFirst Bank purchased a new position in T. Rowe Price Growth Stock ETF during the fourth quarter valued at approximately $2,964,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in T. Rowe Price Growth Stock ETF by 13.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,370,001 shares of the company’s stock valued at $109,044,000 after purchasing an additional 275,000 shares in the last quarter.

T. Rowe Price Growth Stock ETF Company 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.