T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) Sees Strong Trading Volume – Here’s What Happened

Shares of T. Rowe Price Growth Stock ETF (NYSEARCA:TGRW) saw unusually-strong trading volume on Thursday. Approximately 89,355 shares traded hands during mid-day trading, an increase of 321% from the previous session’s volume of 21,235 shares. The stock last traded at $48.6390 and had previously closed at $48.46.

T. Rowe Price Growth Stock ETF Price Performance

The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 40.49 and a beta of 1.22. The company’s fifty day simple moving average is $47.27 and its two-hundred day simple moving average is $46.22.

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

Hedge funds have recently added to or reduced their stakes in the stock. MidFirst Bank bought a new stake in T. Rowe Price Growth Stock ETF during the 4th quarter worth approximately $2,964,000. Security National Bank of Sioux City Iowa IA lifted its holdings in shares of T. Rowe Price Growth Stock ETF by 82.5% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 53,618 shares of the company’s stock valued at $2,559,000 after purchasing an additional 24,231 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of T. Rowe Price Growth Stock ETF by 36.4% during the first quarter. Kestra Advisory Services LLC now owns 28,887 shares of the company’s stock valued at $1,170,000 after buying an additional 7,713 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of T. Rowe Price Growth Stock ETF by 18.3% during the fourth quarter. HighTower Advisors LLC now owns 18,140 shares of the company’s stock valued at $835,000 after buying an additional 2,800 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in T. Rowe Price Growth Stock ETF by 9.3% during the first quarter. Bank of America Corp DE now owns 26,884 shares of the company’s stock worth $1,089,000 after buying an additional 2,281 shares in the last quarter.

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.