T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Reaches New 12-Month High – Still a Buy?

T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $48.26 and last traded at $48.26, with a volume of 1350 shares changing hands. The stock had previously closed at $47.72.

T. Rowe Price Growth Stock ETF Stock Down 1.3%

The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 40.49 and a beta of 1.21. The company has a fifty day moving average of $43.69 and a two-hundred day moving average of $44.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westwood Wealth Management purchased a new stake in shares of T. Rowe Price Growth Stock ETF in the fourth quarter worth about $3,542,000. Berman McAleer LLC purchased a new position in T. Rowe Price Growth Stock ETF in the 3rd quarter worth approximately $1,179,000. National Pension Service grew its position in T. Rowe Price Growth Stock ETF by 272.5% in the third quarter. National Pension Service now owns 15,814,477 shares of the company’s stock valued at $720,337,000 after acquiring an additional 11,568,700 shares in the last quarter. L.K. Benson & Company P.C. purchased a new stake in shares of T. Rowe Price Growth Stock ETF during the fourth quarter valued at approximately $253,000. Finally, Prospera Financial Services Inc lifted its position in shares of T. Rowe Price Growth Stock ETF by 13.8% during the fourth quarter. Prospera Financial Services Inc now owns 5,647 shares of the company’s stock worth $260,000 after purchasing an additional 683 shares in the last quarter.

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.