T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Unusually-High Trading Volume – Should You Buy?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) shares saw unusually-strong trading volume on Tuesday . Approximately 2,695,669 shares were traded during trading, an increase of 1,761% from the previous session’s volume of 144,822 shares.The stock last traded at $42.47 and had previously closed at $42.43.

T. Rowe Price QM U.S. Bond ETF Trading Up 0.5%

The stock has a market capitalization of $1.89 billion, a PE ratio of 34.46 and a beta of 0.25. The firm’s fifty day moving average is $42.49 and its 200-day moving average is $42.85.

Institutional Investors Weigh In On T. Rowe Price QM U.S. Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in TAGG. Towerpoint Wealth LLC boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 9.0% during the 4th quarter. Towerpoint Wealth LLC now owns 291,145 shares of the company’s stock worth $12,531,000 after purchasing an additional 23,931 shares during the period. DAVENPORT & Co LLC purchased a new stake in T. Rowe Price QM U.S. Bond ETF in the fourth quarter valued at approximately $1,204,000. Envestnet Asset Management Inc. lifted its stake in T. Rowe Price QM U.S. Bond ETF by 75.9% during the third quarter. Envestnet Asset Management Inc. now owns 28,674 shares of the company’s stock worth $1,235,000 after purchasing an additional 12,376 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 1.6% during the fourth quarter. D.A. Davidson & CO. now owns 32,240 shares of the company’s stock worth $1,388,000 after buying an additional 503 shares during the period. Finally, Rothschild Investment LLC grew its stake in shares of T. Rowe Price QM U.S. Bond ETF by 11.0% in the fourth quarter. Rothschild Investment LLC now owns 18,725 shares of the company’s stock valued at $806,000 after buying an additional 1,850 shares in the last quarter. 1.86% of the stock is owned by hedge funds and other institutional investors.

T. Rowe Price QM U.S. Bond ETF Company Profile

The T. Rowe Price QM U.S. Bond ETF (TAGG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The ETF currently has 37.94m in AUM and 445 holdings. TAGG is an actively-managed fund that holds a wide array of USD-denominated investment-grade bonds with broad maturities. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.