T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sets New 52-Week Low – Time to Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $40.48 and last traded at $40.55, with a volume of 118631 shares traded. The stock had previously closed at $40.76.

T. Rowe Price QM U.S. Bond ETF Stock Up 0.1%

The stock has a market cap of $2.60 billion, a P/E ratio of 34.46 and a beta of 0.25. The firm’s 50 day simple moving average is $41.63 and its two-hundred day simple moving average is $42.19.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 83.2% during the second quarter. Envestnet Asset Management Inc. now owns 105,023 shares of the company’s stock valued at $4,460,000 after acquiring an additional 47,698 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter worth about $149,000. Citadel Advisors LLC increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 158.9% in the 2nd quarter. Citadel Advisors LLC now owns 55,918 shares of the company’s stock worth $2,375,000 after acquiring an additional 34,321 shares during the period. Kickstand Ventures LLC. bought a new stake in T. Rowe Price QM U.S. Bond ETF in the 2nd quarter valued at about $23,887,000. Finally, Cetera Investment Advisers lifted its position in T. Rowe Price QM U.S. Bond ETF by 61.8% in the 1st quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock valued at $3,429,000 after purchasing an additional 30,739 shares during the last quarter. Institutional investors and hedge funds own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Company Profile

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.