T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 1-Year High – What’s Next?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $49.90 and last traded at $49.88, with a volume of 2926 shares traded. The stock had previously closed at $49.35.

T. Rowe Price Dividend Growth ETF Stock Up 0.5%

The firm has a 50 day moving average price of $48.72 and a 200 day moving average price of $47.04. The stock has a market cap of $1.43 billion, a PE 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 business. Bank of America Corp DE boosted its stake in shares of T. Rowe Price Dividend Growth ETF by 48.2% during the third quarter. Bank of America Corp DE now owns 2,389,859 shares of the company’s stock valued at $105,058,000 after purchasing an additional 777,580 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in T. Rowe Price Dividend Growth ETF by 10.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,141,709 shares of the company’s stock worth $186,253,000 after buying an additional 379,383 shares in the last quarter. Centaurus Financial Inc. bought a new position in T. Rowe Price Dividend Growth ETF in the first quarter worth approximately $4,885,000. Northwestern Mutual Wealth Management Co. lifted its holdings in T. Rowe Price Dividend Growth ETF by 6.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,514,610 shares of the company’s stock worth $68,112,000 after buying an additional 87,489 shares during the period. Finally, Sandy Cove Advisors LLC lifted its holdings in T. Rowe Price Dividend Growth ETF by 349.2% during the second quarter. Sandy Cove Advisors LLC now owns 87,200 shares of the company’s stock worth $4,275,000 after buying an additional 67,786 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.