T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Strong Trading Volume – What’s Next?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) shares saw unusually-strong trading volume on Tuesday . Approximately 2,695,669 shares traded hands during mid-day trading, an increase of 1,761% from the previous session’s volume of 144,822 shares.The stock last traded at $42.47 and had previously closed at $42.43.

T. Rowe Price QM U.S. Bond ETF Price Performance

The business’s 50 day moving average price is $42.50 and its 200-day moving average price is $42.86. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25.

Institutional Investors Weigh In On T. Rowe Price QM U.S. Bond ETF

A number of institutional investors have recently added to or reduced their stakes in TAGG. Price T Rowe Associates Inc. MD increased its position in T. Rowe Price QM U.S. Bond ETF by 6.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock worth $1,396,982,000 after purchasing an additional 1,842,191 shares during the period. Towerpoint Wealth LLC boosted its stake in shares of T. Rowe Price QM U.S. Bond ETF by 9.0% in the fourth quarter. Towerpoint Wealth LLC now owns 291,145 shares of the company’s stock valued at $12,531,000 after buying an additional 23,931 shares in the last quarter. Bank of New York Mellon Corp raised its position in T. Rowe Price QM U.S. Bond ETF by 97.1% in the first quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock worth $7,136,000 after acquiring an additional 82,515 shares in the last quarter. Cetera Investment Advisers lifted its holdings in T. Rowe Price QM U.S. Bond ETF by 61.8% in the first quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock valued at $3,429,000 after acquiring an additional 30,739 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 573.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,524 shares of the company’s stock worth $1,400,000 after purchasing an additional 27,694 shares in the last quarter. Hedge funds and other institutional investors own 1.86% of the company’s stock.

About T. Rowe Price QM U.S. Bond ETF

The T. Rowe Price QM U.S. Bond ETF (TAGG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The ETF currently has 37.94m in AUM and 445 holdings. TAGG is an actively-managed fund that holds a wide array of USD-denominated investment-grade bonds with broad maturities. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.