NewEdge Advisors LLC Grows Position in T. Rowe Price Blue Chip Growth ETF $TCHP

NewEdge Advisors LLC boosted its position in shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) by 12.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,807 shares of the company’s stock after purchasing an additional 10,813 shares during the period. NewEdge Advisors LLC owned about 0.23% of T. Rowe Price Blue Chip Growth ETF worth $4,277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WNY Asset Management LLC bought a new stake in T. Rowe Price Blue Chip Growth ETF in the first quarter worth about $603,000. Arete Wealth Advisors LLC bought a new position in shares of T. Rowe Price Blue Chip Growth ETF during the first quarter valued at approximately $2,551,000. EverSource Wealth Advisors LLC grew its stake in shares of T. Rowe Price Blue Chip Growth ETF by 3.0% during the first quarter. EverSource Wealth Advisors LLC now owns 50,099 shares of the company’s stock valued at $2,213,000 after buying an additional 1,470 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 9.8% in the first quarter. Cetera Investment Advisers now owns 3,921,510 shares of the company’s stock worth $173,252,000 after buying an additional 350,571 shares during the period. Finally, Fortis Capital Management LLC purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the first quarter worth approximately $235,000.

T. Rowe Price Blue Chip Growth ETF Stock Performance

Shares of TCHP stock opened at $51.29 on Thursday. The stock has a 50 day moving average price of $49.79 and a 200 day moving average price of $48.72. T. Rowe Price Blue Chip Growth ETF has a 52-week low of $42.26 and a 52-week high of $53.26. The firm has a market capitalization of $2.21 billion, a P/E ratio of 37.14 and a beta of 1.20.

T. Rowe Price Blue Chip Growth ETF Company Profile

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.