Summit Asset Management LLC Has $2 Million Stake in T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP)

Summit Asset Management LLC trimmed its holdings in shares of T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,572 shares of the company’s stock after selling 1,200 shares during the quarter. Summit Asset Management LLC’s holdings in T. Rowe Price Blue Chip Growth ETF were worth $1,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TCHP. Commonwealth Equity Services LLC grew its position in shares of T. Rowe Price Blue Chip Growth ETF by 6.4% in the third quarter. Commonwealth Equity Services LLC now owns 50,745 shares of the company’s stock valued at $1,378,000 after purchasing an additional 3,071 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of T. Rowe Price Blue Chip Growth ETF by 0.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 311,955 shares of the company’s stock valued at $8,473,000 after purchasing an additional 1,400 shares during the last quarter. Citizens National Bank Trust Department grew its position in shares of T. Rowe Price Blue Chip Growth ETF by 36.5% in the third quarter. Citizens National Bank Trust Department now owns 10,460 shares of the company’s stock valued at $284,000 after purchasing an additional 2,795 shares during the last quarter. Trust Co of Kansas grew its position in shares of T. Rowe Price Blue Chip Growth ETF by 1.2% in the third quarter. Trust Co of Kansas now owns 571,243 shares of the company’s stock valued at $15,515,000 after purchasing an additional 6,585 shares during the last quarter. Finally, Advisor OS LLC grew its position in shares of T. Rowe Price Blue Chip Growth ETF by 54.5% in the third quarter. Advisor OS LLC now owns 247,377 shares of the company’s stock valued at $6,719,000 after purchasing an additional 87,293 shares during the last quarter.

T. Rowe Price Blue Chip Growth ETF Stock Performance

Shares of NYSEARCA:TCHP traded up $0.14 during midday trading on Thursday, hitting $34.06. The company’s stock had a trading volume of 37,272 shares, compared to its average volume of 88,604. The stock has a market capitalization of $538.49 million, a price-to-earnings ratio of 36.31 and a beta of 1.27. The stock’s 50 day simple moving average is $34.75 and its 200 day simple moving average is $32.01. T. Rowe Price Blue Chip Growth ETF has a fifty-two week low of $24.16 and a fifty-two week high of $35.82.

T. Rowe Price Blue Chip Growth ETF 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.