Summit Asset Management LLC Sells 1,061 Shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP)

Summit Asset Management LLC lowered its position in shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,022 shares of the company’s stock after selling 1,061 shares during the quarter. Summit Asset Management LLC owned 0.37% of T. Rowe Price Blue Chip Growth ETF worth $2,340,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TCHP. Janney Montgomery Scott LLC raised its holdings in T. Rowe Price Blue Chip Growth ETF by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,754 shares of the company’s stock worth $591,000 after buying an additional 465 shares during the period. First Foundation Advisors lifted its position in shares of T. Rowe Price Blue Chip Growth ETF by 0.3% in the first quarter. First Foundation Advisors now owns 100,862 shares of the company’s stock worth $3,560,000 after purchasing an additional 284 shares in the last quarter. Spirepoint Private Client LLC acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the first quarter valued at about $353,000. National Wealth Management Group LLC acquired a new position in shares of T. Rowe Price Blue Chip Growth ETF during the 1st quarter worth approximately $6,978,000. Finally, Cetera Investment Advisers acquired a new position in T. Rowe Price Blue Chip Growth ETF during the first quarter worth $4,056,000.

T. Rowe Price Blue Chip Growth ETF Stock Down 0.1 %

TCHP opened at $42.29 on Thursday. T. Rowe Price Blue Chip Growth ETF has a 12-month low of $29.40 and a 12-month high of $42.56. The business has a 50 day moving average of $39.85 and a 200-day moving average of $38.34. The stock has a market cap of $668.60 million, a price-to-earnings ratio of 36.31 and a beta of 1.27.

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.