Cornerstone Advisory LLC Takes $239,000 Position in T. Rowe Price Blue Chip Growth ETF $TCHP

Cornerstone Advisory LLC purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,264 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC grew its position in shares of T. Rowe Price Blue Chip Growth ETF by 12.3% during the 1st quarter. DAVENPORT & Co LLC now owns 14,965 shares of the company’s stock valued at $570,000 after acquiring an additional 1,645 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of T. Rowe Price Blue Chip Growth ETF by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,056 shares of the company’s stock worth $2,326,000 after buying an additional 4,305 shares during the period. LPL Financial LLC lifted its position in shares of T. Rowe Price Blue Chip Growth ETF by 68.2% during the 1st quarter. LPL Financial LLC now owns 33,518 shares of the company’s stock valued at $1,277,000 after buying an additional 13,596 shares in the last quarter. IFP Advisors Inc lifted its position in shares of T. Rowe Price Blue Chip Growth ETF by 4.8% during the 1st quarter. IFP Advisors Inc now owns 25,120 shares of the company’s stock valued at $957,000 after buying an additional 1,140 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in T. Rowe Price Blue Chip Growth ETF by 15.6% in the 1st quarter. Raymond James Financial Inc. now owns 359,377 shares of the company’s stock valued at $13,689,000 after acquiring an additional 48,402 shares during the period.

T. Rowe Price Blue Chip Growth ETF Stock Performance

NYSEARCA:TCHP opened at $49.22 on Friday. The stock has a market capitalization of $1.62 billion, a PE ratio of 37.14 and a beta of 1.14. T. Rowe Price Blue Chip Growth ETF has a fifty-two week low of $32.67 and a fifty-two week high of $49.82. The company has a fifty day moving average of $48.23 and a two-hundred day moving average of $44.60.

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.