T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Stock Price Down 1.3% – Here’s Why

Shares of T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) dropped 1.3% during mid-day trading on Wednesday . The stock traded as low as $46.81 and last traded at $46.84. Approximately 143,240 shares changed hands during trading, an increase of 543% from the average daily volume of 22,285 shares. The stock had previously closed at $47.48.

T. Rowe Price Growth Stock ETF Trading Down 1.3%

The stock has a market capitalization of $995.82 million, a P/E ratio of 40.49 and a beta of 1.22. The firm’s fifty day moving average is $46.59 and its 200-day moving average is $45.01.

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

Institutional investors have recently added to or reduced their stakes in the company. Westwood Wealth Management bought a new position in T. Rowe Price Growth Stock ETF during the 4th quarter valued at about $3,542,000. EverSource Wealth Advisors LLC lifted its holdings in T. Rowe Price Growth Stock ETF by 82.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,462 shares of the company’s stock valued at $67,000 after purchasing an additional 661 shares during the last quarter. Prospera Financial Services Inc bought a new position in T. Rowe Price Growth Stock ETF during the 3rd quarter valued at about $226,000. Calton & Associates Inc. bought a new position in T. Rowe Price Growth Stock ETF during the 3rd quarter valued at about $215,000. Finally, Kestra Advisory Services LLC lifted its holdings in T. Rowe Price Growth Stock ETF by 36.4% during the 1st 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 last quarter.

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.