T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Hits New 12-Month Low – Should You Sell?

Shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $32.67 and last traded at $32.83, with a volume of 43514 shares traded. The stock had previously closed at $34.37.

T. Rowe Price Blue Chip Growth ETF Trading Up 0.6 %

The company has a market cap of $907.73 million, a price-to-earnings ratio of 33.50 and a beta of 1.14. The stock has a 50-day simple moving average of $40.96 and a 200 day simple moving average of $41.40.

Hedge Funds Weigh In On T. Rowe Price Blue Chip Growth ETF

Several institutional investors and hedge funds have recently modified their holdings of TCHP. MidAtlantic Capital Management Inc. acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the fourth quarter worth approximately $73,000. Centaurus Financial Inc. purchased a new position in T. Rowe Price Blue Chip Growth ETF in the fourth quarter worth approximately $136,000. TD Waterhouse Canada Inc. increased its position in shares of T. Rowe Price Blue Chip Growth ETF by 1,466.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,603 shares of the company’s stock worth $150,000 after purchasing an additional 3,373 shares during the last quarter. Cascade Investment Advisors Inc. purchased a new position in T. Rowe Price Blue Chip Growth ETF during the fourth quarter worth about $212,000. Finally, Certior Financial Group LLC purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter worth $218,000.

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.