T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 12-Month High – Still a Buy?

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) reached a new 52-week high during trading on Thursday . The company traded as high as $49.07 and last traded at $49.07, with a volume of 3840 shares traded. The stock had previously closed at $48.53.

T. Rowe Price Dividend Growth ETF Price Performance

The stock’s fifty day moving average price is $47.61 and its 200-day moving average price is $46.34. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 24.89 and a beta of 0.79.

Institutional Investors Weigh In On T. Rowe Price Dividend Growth ETF

Large investors have recently modified their holdings of the stock. Lighthouse Wealth Management Inc. lifted its holdings in T. Rowe Price Dividend Growth ETF by 59.1% in the 4th quarter. Lighthouse Wealth Management Inc. now owns 35,534 shares of the company’s stock worth $1,598,000 after buying an additional 13,196 shares during the period. BIP Wealth LLC purchased a new position in shares of T. Rowe Price Dividend Growth ETF in the 4th quarter valued at approximately $576,000. Rockefeller Capital Management L.P. boosted its position in shares of T. Rowe Price Dividend Growth ETF by 13.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 399,312 shares of the company’s stock valued at $17,957,000 after purchasing an additional 46,440 shares in the last quarter. Fortis Group Advisors LLC bought a new position in T. Rowe Price Dividend Growth ETF in the fourth quarter worth $948,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in T. Rowe Price Dividend Growth ETF by 14.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 102,670 shares of the company’s stock valued at $4,714,000 after buying an additional 13,114 shares during the period.

T. Rowe Price Dividend Growth ETF Company Profile

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.