T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Large Volume Increase – Time to Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG – Get Free Report) saw strong trading volume on Monday. Approximately 152,077 shares changed hands during mid-day trading, an increase of 118% from the average daily volume of 69,743 shares. The stock last traded at $50.8740 and had previously closed at $49.92.

T. Rowe Price Dividend Growth ETF Stock Performance

The stock has a market cap of $1.36 billion, a PE ratio of 24.89 and a beta of 0.77. The company’s 50-day moving average price is $49.54 and its 200 day moving average price is $48.06.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC acquired a new position in shares of T. Rowe Price Dividend Growth ETF in the third quarter valued at approximately $22,349,000. Confluence Wealth Services Inc. purchased a new position in shares of T. Rowe Price Dividend Growth ETF in the 3rd quarter valued at about $19,454,000. Bank of America Corp DE boosted its stake in shares of T. Rowe Price Dividend Growth ETF by 8.0% in the 1st quarter. Bank of America Corp DE now owns 2,525,752 shares of the company’s stock valued at $112,724,000 after buying an additional 187,252 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of T. Rowe Price Dividend Growth ETF by 3.8% during the second quarter. Sequoia Financial Advisors LLC now owns 4,396,076 shares of the company’s stock worth $215,540,000 after buying an additional 161,288 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in T. Rowe Price Dividend Growth ETF in the first quarter valued at $4,885,000.

About T. Rowe Price Dividend Growth ETF

(Get Free Report)

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.

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