T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Stock Price Down 0.3% – Here’s Why

Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) traded down 0.3% during trading on Thursday . The stock traded as low as $43.02 and last traded at $43.03. 44,946 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 68,649 shares. The stock had previously closed at $43.14.

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

The firm’s fifty day simple moving average is $43.14 and its 200-day simple moving average is $42.98. The stock has a market cap of $1.55 billion, a P/E ratio of 34.46 and a beta of 0.27.

Hedge Funds Weigh In On T. Rowe Price QM U.S. Bond ETF

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in T. Rowe Price QM U.S. Bond ETF in the third quarter valued at $396,000. Raymond James Financial Inc. lifted its stake in shares of T. Rowe Price QM U.S. Bond ETF by 1.9% in the 3rd quarter. Raymond James Financial Inc. now owns 20,793 shares of the company’s stock valued at $895,000 after purchasing an additional 380 shares during the period. Rothschild Investment LLC lifted its stake in shares of T. Rowe Price QM U.S. Bond ETF by 255.3% in the 3rd quarter. Rothschild Investment LLC now owns 16,875 shares of the company’s stock valued at $727,000 after purchasing an additional 12,125 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 75.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 28,674 shares of the company’s stock valued at $1,235,000 after purchasing an additional 12,376 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in T. Rowe Price QM U.S. Bond ETF by 494.2% during the third quarter. Jones Financial Companies Lllp now owns 1,016 shares of the company’s stock worth $44,000 after purchasing an additional 845 shares during the period. 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.