T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Hits New 1-Year High – Should You Buy?

Shares of T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.37 and last traded at $48.36, with a volume of 2406 shares changing hands. The stock had previously closed at $48.20.

T. Rowe Price Growth Stock ETF Stock Performance

The firm’s 50-day simple moving average is $44.39 and its 200 day simple moving average is $44.76. The company has a market cap of $1.03 billion, a P/E ratio of 40.49 and a beta of 1.21.

Hedge Funds Weigh In On T. Rowe Price Growth Stock ETF

Several hedge funds have recently added to or reduced their stakes in the stock. National Pension Service boosted its holdings in T. Rowe Price Growth Stock ETF by 272.5% during the third quarter. National Pension Service now owns 15,814,477 shares of the company’s stock worth $720,337,000 after buying an additional 11,568,700 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of T. Rowe Price Growth Stock ETF by 13.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,370,001 shares of the company’s stock valued at $109,044,000 after acquiring an additional 275,000 shares during the last quarter. Westwood Wealth Management acquired a new stake in shares of T. Rowe Price Growth Stock ETF in the 4th quarter valued at approximately $3,542,000. Northwestern Mutual Wealth Management Co. raised its position in shares of T. Rowe Price Growth Stock ETF by 0.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,929 shares of the company’s stock valued at $3,402,000 after acquiring an additional 450 shares during the period. Finally, MidFirst Bank bought a new position in T. Rowe Price Growth Stock ETF during the 4th quarter worth approximately $2,964,000.

About T. Rowe Price Growth Stock ETF

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.