Cambria Investment Management L.P. Buys New Stake in T. Rowe Price Blue Chip Growth ETF $TCHP

Cambria Investment Management L.P. purchased a new stake in T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,036 shares of the company’s stock, valued at approximately $539,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Comerica Bank acquired a new stake in shares of T. Rowe Price Blue Chip Growth ETF in the first quarter valued at about $38,000. Glass Jacobson Investment Advisors llc lifted its position in shares of 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 purchasing an additional 1,129 shares in the last quarter. Evolution Wealth Management Inc. purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter valued at $172,000. Optiver Holding B.V. purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter valued at $175,000. Finally, TD Waterhouse Canada Inc. grew its holdings in T. Rowe Price Blue Chip Growth ETF by 192.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,561 shares of the company’s stock valued at $202,000 after purchasing an additional 3,000 shares in the last quarter.

T. Rowe Price Blue Chip Growth ETF Price Performance

Shares of TCHP stock opened at $47.06 on Friday. The company’s fifty day moving average price is $48.44 and its two-hundred day moving average price is $48.74. The firm has a market capitalization of $1.77 billion, a P/E ratio of 37.14 and a beta of 1.15. T. Rowe Price Blue Chip Growth ETF has a 12 month low of $32.67 and a 12 month high of $51.77.

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.