T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Reaches New 12-Month High – What’s Next?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $48.48 and last traded at $48.48, with a volume of 4880 shares. The stock had previously closed at $48.28.

T. Rowe Price Dividend Growth ETF Trading Up 0.5%

The company has a fifty day simple moving average of $47.03 and a 200-day simple moving average of $46.10. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 24.89 and a beta of 0.79.

Institutional Trading of T. Rowe Price Dividend Growth ETF

Several institutional investors and hedge funds have recently bought and sold shares of TDVG. Goldman Sachs Group Inc. raised its holdings in T. Rowe Price Dividend Growth ETF by 59.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,151 shares of the company’s stock worth $531,000 after buying an additional 4,894 shares during the period. Jane Street Group LLC purchased a new position in T. Rowe Price Dividend Growth ETF during the 2nd quarter valued at about $686,000. Bank of America Corp DE grew its stake in T. Rowe Price Dividend Growth ETF by 20.3% during the 2nd quarter. Bank of America Corp DE now owns 1,612,279 shares of the company’s stock valued at $68,328,000 after acquiring an additional 271,807 shares in the last quarter. Truist Financial Corp grew its stake in T. Rowe Price Dividend Growth ETF by 20.3% during the 3rd quarter. Truist Financial Corp now owns 10,693 shares of the company’s stock valued at $470,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in T. Rowe Price Dividend Growth ETF by 1.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 266,843 shares of the company’s stock valued at $11,730,000 after acquiring an additional 2,720 shares in the last quarter.

About T. Rowe Price Dividend Growth ETF

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.