T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 12-Month High – What’s Next?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $49.15 and last traded at $49.15, with a volume of 15678 shares trading hands. The stock had previously closed at $49.03.

T. Rowe Price Dividend Growth ETF Price Performance

The company has a fifty day moving average of $47.85 and a 200 day moving average of $46.50. The stock has a market cap of $1.38 billion, a P/E ratio of 24.89 and a beta of 0.79.

Institutional Trading of T. Rowe Price Dividend Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its holdings in shares of T. Rowe Price Dividend Growth ETF by 2.9% during the first quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock valued at $339,000 after purchasing an additional 214 shares during the last quarter. WNY Asset Management LLC acquired a new stake in T. Rowe Price Dividend Growth ETF during the first quarter valued at $287,000. Bank of America Corp DE grew 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 in the last quarter. Centaurus Financial Inc. bought a new stake in T. Rowe Price Dividend Growth ETF in the first quarter worth approximately $4,885,000. Finally, Cetera Investment Advisers boosted its holdings in 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 worth $13,784,000 after purchasing an additional 34,014 shares in the last quarter.

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.