T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Stock Short Interest Falls 46.6%

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 26,089 shares, a decrease of 46.6% from the September 15th total of 48,873 shares. Based on an average daily volume of 43,589 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On T. Rowe Price Dividend Growth ETF

Several institutional investors have recently modified their holdings of TDVG. Sequoia Financial Advisors LLC increased its holdings in 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 during the last quarter. Janney Montgomery Scott LLC raised its position in T. Rowe Price Dividend Growth ETF by 43.1% in the first quarter. Janney Montgomery Scott LLC now owns 38,460 shares of the company’s stock worth $1,716,000 after acquiring an additional 11,586 shares during the period. Rockefeller Capital Management L.P. boosted its stake in T. Rowe Price Dividend Growth ETF by 13.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 399,312 shares of the company’s stock valued at $17,957,000 after acquiring an additional 46,440 shares during the last quarter. Beam Wealth Advisors Inc. purchased a new position in T. Rowe Price Dividend Growth ETF in the first quarter valued at about $477,000. Finally, Nvest Wealth Strategies Inc. boosted its stake in T. Rowe Price Dividend Growth ETF by 91.4% in the second quarter. Nvest Wealth Strategies Inc. now owns 22,591 shares of the company’s stock valued at $1,108,000 after acquiring an additional 10,789 shares during the last quarter.

T. Rowe Price Dividend Growth ETF Stock Performance

NYSEARCA:TDVG traded down $0.13 on Wednesday, hitting $49.37. The stock had a trading volume of 3,363 shares, compared to its average volume of 71,301. The stock has a market cap of $1.31 billion, a P/E ratio of 24.89 and a beta of 0.78. T. Rowe Price Dividend Growth ETF has a 1 year low of $43.36 and a 1 year high of $50.90. The firm’s fifty day simple moving average is $49.56 and its two-hundred day simple moving average is $48.42.

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.