T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Sees Large Volume Increase – Time to Buy?

T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) shares saw unusually-high trading volume on Thursday . Approximately 16,159 shares changed hands during trading, a decline of 27% from the previous session’s volume of 22,088 shares.The stock last traded at $45.61 and had previously closed at $45.90.

T. Rowe Price Growth Stock ETF Stock Down 0.2%

The business has a 50-day moving average price of $47.03 and a 200-day moving average price of $45.03. The firm has a market capitalization of $973.92 million, a PE ratio of 40.49 and a beta of 1.22.

Hedge Funds Weigh In On T. Rowe Price Growth Stock ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGRW. Bank of America Corp DE grew its holdings in T. Rowe Price Growth Stock ETF by 9.3% in the 1st quarter. Bank of America Corp DE now owns 26,884 shares of the company’s stock valued at $1,089,000 after buying an additional 2,281 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of T. Rowe Price Growth Stock ETF by 9.1% during the 1st quarter. Sigma Planning Corp now owns 20,638 shares of the company’s stock worth $836,000 after acquiring an additional 1,723 shares during the period. Kestra Advisory Services LLC boosted its position in shares of T. Rowe Price Growth Stock ETF by 36.4% during the 1st quarter. Kestra Advisory Services LLC now owns 28,887 shares of the company’s stock valued at $1,170,000 after acquiring an additional 7,713 shares during the last quarter. MidFirst Bank acquired a new position in shares of T. Rowe Price Growth Stock ETF during the 4th quarter valued at about $2,964,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of T. Rowe Price Growth Stock ETF by 13.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,370,001 shares of the company’s stock valued at $109,044,000 after purchasing an additional 275,000 shares during the period.

T. Rowe Price Growth Stock ETF Company Profile

The T. Rowe Price Growth Stock ETF (TGRW) is an exchange-traded fund that is based on the Russell 3000 Growth index. The ETF currently has 38.68m in AUM and 79 holdings. TGRW is an actively-managed, non-transparent fund that focus on companies with growth characteristics TGRW was launched on Aug 4, 2020 and is managed by T. Rowe Price.