T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Unusually-High Trading Volume – Should You Buy?

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) shares saw unusually-strong trading volume on Thursday . Approximately 216,835 shares traded hands during trading, a decline of 8% from the previous session’s volume of 235,086 shares.The stock last traded at $48.28 and had previously closed at $48.89.

T. Rowe Price Blue Chip Growth ETF Stock Performance

The firm has a market cap of $2.02 billion, a P/E ratio of 37.14 and a beta of 1.19. The company has a 50 day moving average of $50.69 and a 200 day moving average of $48.75.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

A number of institutional investors have recently added to or reduced their stakes in TCHP. PNC Financial Services Group Inc. bought a new stake in T. Rowe Price Blue Chip Growth ETF in the first quarter worth approximately $104,521,000. Mars Jewett Financial Group Inc. bought a new position in shares of T. Rowe Price Blue Chip Growth ETF during the 4th quarter valued at $18,545,000. Cetera Investment Advisers lifted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 9.8% in the 1st quarter. Cetera Investment Advisers now owns 3,921,510 shares of the company’s stock valued at $173,252,000 after purchasing an additional 350,571 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 16.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,760,001 shares of the company’s stock valued at $87,754,000 after purchasing an additional 250,000 shares during the last quarter. Finally, &PARTNERS lifted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 1,126.6% in the 4th quarter. &PARTNERS now owns 236,866 shares of the company’s stock valued at $11,810,000 after purchasing an additional 217,556 shares during the last quarter.

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.