T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Hits New 52-Week Low – Time to Sell?

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP)’s share price reached a new 52-week low on Monday . The stock traded as low as $32.67 and last traded at $32.83, with a volume of 43514 shares. The stock had previously closed at $34.37.

T. Rowe Price Blue Chip Growth ETF Stock Up 11.8 %

The stock has a fifty day moving average price of $40.42 and a two-hundred day moving average price of $41.28. The company has a market capitalization of $999.86 million, a price-to-earnings ratio of 33.50 and a beta of 1.14.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCHP. Glenview Trust co grew its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 9.5% during the fourth quarter. Glenview Trust co now owns 1,560,592 shares of the company’s stock worth $65,717,000 after buying an additional 135,538 shares in the last quarter. Bank of America Corp DE boosted its position in T. Rowe Price Blue Chip Growth ETF by 28.6% during the fourth quarter. Bank of America Corp DE now owns 1,367,694 shares of the company’s stock worth $57,594,000 after acquiring an additional 304,520 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in T. Rowe Price Blue Chip Growth ETF by 38.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,250,001 shares of the company’s stock worth $52,638,000 after acquiring an additional 350,000 shares during the period. Trust Co of Kansas raised its holdings in T. Rowe Price Blue Chip Growth ETF by 11.3% in the 4th quarter. Trust Co of Kansas now owns 765,859 shares of the company’s stock valued at $32,250,000 after acquiring an additional 77,792 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 23.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 571,803 shares of the company’s stock worth $24,079,000 after purchasing an additional 107,199 shares during the period.

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.