T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Trading Down 0.1% – Time to Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)’s share price traded down 0.1% on Wednesday . The company traded as low as $43.44 and last traded at $43.45. 68,007 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 231,031 shares. The stock had previously closed at $43.51.

T. Rowe Price QM U.S. Bond ETF Trading Down 0.1%

The company has a 50-day moving average of $43.13 and a 200-day moving average of $43.12. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 34.46 and a beta of 0.27.

T. Rowe Price QM U.S. Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Tuesday, January 27th were paid a $0.1528 dividend. The ex-dividend date was Tuesday, January 27th. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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

Several institutional investors and hedge funds have recently made changes to their positions in TAGG. Cetera Investment Advisers raised its stake in T. Rowe Price QM U.S. Bond ETF by 27.9% in the 4th quarter. Cetera Investment Advisers now owns 49,748 shares of the company’s stock worth $2,141,000 after acquiring an additional 10,861 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 6.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock valued at $1,396,982,000 after purchasing an additional 1,842,191 shares during the period. GeoWealth Management LLC purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF in the fourth quarter worth about $292,000. Osaic Holdings Inc. raised its stake in shares of T. Rowe Price QM U.S. Bond ETF by 12.7% in the fourth quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock worth $199,000 after purchasing an additional 521 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 573.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 32,524 shares of the company’s stock worth $1,400,000 after purchasing an additional 27,694 shares during the period. 1.86% of the stock is currently owned by institutional investors and hedge funds.

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.