Summit Asset Management LLC Has $2.45 Million Position in T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP)

Summit Asset Management LLC lessened its stake in shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 58,197 shares of the company’s stock after selling 825 shares during the quarter. Summit Asset Management LLC’s holdings in T. Rowe Price Blue Chip Growth ETF were worth $2,451,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TCHP. Signaturefd LLC acquired a new stake in T. Rowe Price Blue Chip Growth ETF in the 3rd quarter worth about $70,000. Private Advisor Group LLC increased its holdings in T. Rowe Price Blue Chip Growth ETF by 3.9% in the 3rd quarter. Private Advisor Group LLC now owns 12,324 shares of the company’s stock valued at $489,000 after buying an additional 460 shares during the period. Capital Advisors Ltd. LLC increased its holdings in T. Rowe Price Blue Chip Growth ETF by 4.6% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 62,263 shares of the company’s stock valued at $2,468,000 after buying an additional 2,736 shares during the period. Diversify Wealth Management LLC bought a new position in T. Rowe Price Blue Chip Growth ETF in the 3rd quarter valued at about $361,000. Finally, Goldstone Financial Group LLC bought a new position in T. Rowe Price Blue Chip Growth ETF in the 3rd quarter valued at about $1,226,000.

T. Rowe Price Blue Chip Growth ETF Stock Down 2.5 %

TCHP stock opened at $42.54 on Friday. T. Rowe Price Blue Chip Growth ETF has a 12 month low of $33.18 and a 12 month high of $44.32. The firm has a market cap of $1.07 billion, a P/E ratio of 37.43 and a beta of 1.13. The company’s 50-day moving average price is $43.10 and its two-hundred day moving average price is $41.11.

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.