T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Unusually-High Trading Volume – Here’s Why

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) saw unusually-high trading volume on Monday . Approximately 2,468,542 shares changed hands during trading, an increase of 872% from the previous session’s volume of 253,892 shares.The stock last traded at $45.90 and had previously closed at $45.30.

T. Rowe Price Blue Chip Growth ETF Trading Down 0.2%

The stock has a market capitalization of $1.72 billion, a PE ratio of 37.14 and a beta of 1.15. The stock has a 50 day moving average price of $47.82 and a 200-day moving average price of $48.70.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its holdings in T. Rowe Price Blue Chip Growth ETF by 1,133.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 34,877 shares of the company’s stock worth $1,739,000 after acquiring an additional 32,050 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of T. Rowe Price Blue Chip Growth ETF by 152.5% in the fourth quarter. NewEdge Advisors LLC now owns 85,994 shares of the company’s stock worth $4,288,000 after purchasing an additional 51,943 shares during the period. VestGen Advisors LLC purchased a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the fourth quarter worth $893,000. Maia Wealth LLC lifted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 14.2% during the 4th quarter. Maia Wealth LLC now owns 64,057 shares of the company’s stock valued at $2,982,000 after buying an additional 7,976 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 3,570,939 shares of the company’s stock valued at $178,047,000 after buying an additional 189,906 shares in the last quarter.

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.