Sound Income Strategies LLC Makes New Investment in T. Rowe Price Blue Chip Growth ETF $TCHP

Sound Income Strategies LLC purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 186,568 shares of the company’s stock, valued at approximately $9,218,000.

Other large investors also recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in T. Rowe Price Blue Chip Growth ETF during the first quarter worth $38,000. Glass Jacobson Investment Advisors llc boosted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 92.4% in the third quarter. Glass Jacobson Investment Advisors llc now owns 2,351 shares of the company’s stock valued at $115,000 after purchasing an additional 1,129 shares during the period. Evolution Wealth Management Inc. purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter valued at approximately $172,000. Optiver Holding B.V. purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter valued at approximately $175,000. Finally, Marino Stram & Associates LLC purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the fourth quarter valued at approximately $206,000.

T. Rowe Price Blue Chip Growth ETF Stock Performance

NYSEARCA TCHP opened at $44.64 on Tuesday. The firm has a 50 day simple moving average of $46.33 and a 200-day simple moving average of $48.35. T. Rowe Price Blue Chip Growth ETF has a one year low of $32.67 and a one year high of $51.77. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 37.14 and a beta of 1.15.

T. Rowe Price Blue Chip Growth ETF 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. Rowe Price.