Sound Income Strategies LLC Makes New $9.22 Million Investment in T. Rowe Price Blue Chip Growth ETF $TCHP

Sound Income Strategies LLC bought a new position in shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 186,568 shares of the company’s stock, valued at approximately $9,218,000. Sound Income Strategies LLC owned about 0.52% of T. Rowe Price Blue Chip Growth ETF as of its most recent SEC filing.

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

T. Rowe Price Blue Chip Growth ETF Price Performance

Shares of TCHP stock opened at $44.64 on Tuesday. The firm has a market cap of $1.85 billion, a PE ratio of 37.14 and a beta of 1.15. The company has a 50-day moving average of $46.33 and a two-hundred day moving average of $48.35. T. Rowe Price Blue Chip Growth ETF has a 1-year low of $32.67 and a 1-year high of $51.77.

T. Rowe Price Blue Chip Growth ETF Company 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.