T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Reaches New 1-Year High – What’s Next?

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) hit a new 52-week high on Wednesday . The stock traded as high as $43.98 and last traded at $43.90, with a volume of 33431 shares. The stock had previously closed at $43.21.

T. Rowe Price Blue Chip Growth ETF Stock Performance

The company has a 50-day moving average price of $42.56 and a 200-day moving average price of $40.24. The firm has a market capitalization of $694.94 million, a price-to-earnings ratio of 36.31 and a beta of 1.27.

Hedge Funds Weigh In On T. Rowe Price Blue Chip Growth ETF

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC acquired a new position in T. Rowe Price Blue Chip Growth ETF in the third quarter valued at $70,000. Prospera Financial Services Inc purchased a new position in T. Rowe Price Blue Chip Growth ETF in the third quarter valued at about $213,000. Wealthcare Advisory Partners LLC purchased a new position in T. Rowe Price Blue Chip Growth ETF in the fourth quarter valued at about $243,000. Equita Financial Network Inc. purchased a new position in T. Rowe Price Blue Chip Growth ETF in the third quarter valued at about $257,000. Finally, Diversify Wealth Management LLC purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF during the third quarter worth about $361,000.

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.