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-high trading volume on Tuesday . Approximately 887,656 shares traded hands during trading, an increase of 466% from the previous session’s volume of 156,768 shares.The stock last traded at $50.01 and had previously closed at $50.41.

T. Rowe Price Blue Chip Growth ETF Stock Performance

The firm’s 50-day simple moving average is $49.61 and its 200-day simple moving average is $48.32. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 37.14 and a beta of 1.15.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in TCHP. Armstrong Fleming & Moore Inc boosted its holdings in T. Rowe Price Blue Chip Growth ETF by 8.6% during the third quarter. Armstrong Fleming & Moore Inc now owns 475,526 shares of the company’s stock valued at $23,244,000 after purchasing an additional 37,650 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 6.9% in the 2nd quarter. DAVENPORT & Co LLC now owns 15,997 shares of the company’s stock worth $725,000 after buying an additional 1,032 shares in the last quarter. Harbor Group Inc. lifted its position in shares of T. Rowe Price Blue Chip Growth ETF by 6.7% during the 3rd quarter. Harbor Group Inc. now owns 472,590 shares of the company’s stock worth $23,100,000 after buying an additional 29,678 shares during the period. Croban lifted its position in shares of T. Rowe Price Blue Chip Growth ETF by 46.6% during the 3rd quarter. Croban now owns 112,885 shares of the company’s stock worth $5,518,000 after buying an additional 35,904 shares during the period. Finally, M Holdings Securities Inc. acquired a new stake in T. Rowe Price Blue Chip Growth ETF in the 2nd quarter valued at $464,000.

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.