T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 1-Year High – Should You Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) reached a new 52-week high during trading on Wednesday. The company traded as high as $51.47 and last traded at $51.43, with a volume of 5,846 shares trading hands. The stock had previously closed at $50.79.

T. Rowe Price Dividend Growth ETF Stock Up 1.8%

The firm has a market cap of $1.37 billion, a PE ratio of 24.89 and a beta of 0.77. The company has a 50-day simple moving average of $49.51 and a two-hundred day simple moving average of $47.99.

Institutional Trading of T. Rowe Price Dividend Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in shares of T. Rowe Price Dividend Growth ETF by 2.9% during the 1st quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock valued at $339,000 after purchasing an additional 214 shares in the last quarter. Wealthcare Capital Partners LLC boosted its holdings in T. Rowe Price Dividend Growth ETF by 2.3% during the 2nd quarter. Wealthcare Capital Partners LLC now owns 11,027 shares of the company’s stock valued at $541,000 after acquiring an additional 243 shares during the period. Saxony Capital Management LLC grew its holdings in T. Rowe Price Dividend Growth ETF by 2.2% in the 3rd quarter. Saxony Capital Management LLC now owns 14,525 shares of the company’s stock worth $701,000 after acquiring an additional 311 shares during the last quarter. Bill Few Associates Inc. increased its stake in shares of T. Rowe Price Dividend Growth ETF by 1.4% during the second quarter. Bill Few Associates Inc. now owns 28,493 shares of the company’s stock valued at $1,397,000 after buying an additional 380 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in T. Rowe Price Dividend Growth ETF by 4.3% in the first quarter. Geneos Wealth Management Inc. now owns 9,744 shares of the company’s stock worth $435,000 after buying an additional 404 shares in the last quarter.

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.