T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Reaches New 1-Year High – Still a Buy?

T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW)’s share price reached a new 52-week high during mid-day 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 Up 1.3%

The firm has a fifty day moving average of $43.49 and a 200-day moving average of $44.72. The firm 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

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in T. Rowe Price Growth Stock ETF in the second quarter valued at about $34,000. Geneos Wealth Management Inc. boosted its holdings in T. Rowe Price Growth Stock ETF by 162.9% during the second quarter. Geneos Wealth Management Inc. now owns 920 shares of the company’s stock worth $39,000 after buying an additional 570 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in T. Rowe Price Growth Stock ETF by 78.5% during the fourth quarter. Farther Finance Advisors LLC now owns 937 shares of the company’s stock worth $43,000 after buying an additional 412 shares during the last quarter. Bank of America Corp DE bought a new position in T. Rowe Price Growth Stock ETF during the fourth quarter worth about $44,000. Finally, Investor s Fiduciary Advisor Network LLC bought a new position in T. Rowe Price Growth Stock ETF during the fourth quarter worth about $209,000.

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.