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

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) shares hit a new 52-week high during trading on Thursday . The company traded as high as $52.31 and last traded at $52.17, with a volume of 18012 shares trading hands. The stock had previously closed at $52.03.

T. Rowe Price Blue Chip Growth ETF Stock Performance

The business’s 50-day moving average price is $48.33 and its 200 day moving average price is $48.53. The company has a market cap of $2.18 billion, a P/E ratio of 37.14 and a beta of 1.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TCHP. Cherry Tree Wealth Management LLC bought a new position in shares of T. Rowe Price Blue Chip Growth ETF in the 4th quarter valued at about $25,000. Triumph Capital Management acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the 4th quarter worth about $27,000. Arax Advisory Partners acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the 4th quarter worth about $30,000. Comerica Bank acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the 1st quarter worth about $38,000. Finally, Fifth Third Bancorp acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the 1st quarter worth about $44,000.

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.