T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 1-Year High – Still a Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $49.15 and last traded at $49.15, with a volume of 15678 shares traded. The stock had previously closed at $49.03.

T. Rowe Price Dividend Growth ETF Stock Performance

The stock has a market capitalization of $1.35 billion, a PE ratio of 24.89 and a beta of 0.79. The company’s fifty day simple moving average is $47.77 and its two-hundred day simple moving average is $46.45.

Institutional Trading of T. Rowe Price Dividend Growth ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in T. Rowe Price Dividend Growth ETF by 2.9% in the 1st quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock valued at $339,000 after acquiring an additional 214 shares during the last quarter. WNY Asset Management LLC purchased a new position in shares of T. Rowe Price Dividend Growth ETF during the 1st quarter worth $287,000. Bank of America Corp DE boosted its holdings in shares of T. Rowe Price Dividend Growth ETF by 8.0% during the first quarter. Bank of America Corp DE now owns 2,525,752 shares of the company’s stock worth $112,724,000 after purchasing an additional 187,252 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of T. Rowe Price Dividend Growth ETF during the first quarter worth $4,885,000. Finally, Cetera Investment Advisers grew its position in shares of T. Rowe Price Dividend Growth ETF by 12.4% in the first quarter. Cetera Investment Advisers now owns 308,853 shares of the company’s stock valued at $13,784,000 after purchasing an additional 34,014 shares during the period.

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.