T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Stock Price Down 1.3% – Should You Sell?

T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW)’s stock price traded down 1.3% during trading on Wednesday . The stock traded as low as $46.81 and last traded at $46.84. 143,240 shares traded hands during mid-day 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 Price Performance

The stock has a 50 day simple moving average of $46.72 and a 200 day simple moving average of $45.02. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 40.49 and a beta of 1.22.

Institutional Investors Weigh In On T. Rowe Price Growth Stock ETF

Several hedge funds have recently modified their holdings of the stock. Westwood Wealth Management purchased a new stake in shares of T. Rowe Price Growth Stock ETF during the fourth quarter valued at approximately $3,542,000. MidFirst Bank purchased a new position in shares of T. Rowe Price Growth Stock ETF in the fourth quarter valued at $2,964,000. Sigma Planning Corp boosted its stake in shares of T. Rowe Price Growth Stock ETF by 9.1% in 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 during the period. Kestra Advisory Services LLC grew 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 in the last quarter. Finally, EverSource Wealth Advisors LLC grew 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 in 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.