27,976 Shares in T. Rowe Price QM U.S. Bond ETF $TAGG Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC acquired a new stake in T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) during the 4th quarter, Holdings Channel.com reports. The fund acquired 27,976 shares of the company’s stock, valued at approximately $1,204,000.

Other institutional investors have also added to or reduced their stakes in the company. Towerpoint Wealth LLC increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 54.3% in the 3rd quarter. Towerpoint Wealth LLC now owns 267,214 shares of the company’s stock worth $11,506,000 after purchasing an additional 94,089 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 16.8% during the third quarter. D.A. Davidson & CO. now owns 31,737 shares of the company’s stock valued at $1,367,000 after purchasing an additional 4,575 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 154.2% during the second quarter. Cetera Investment Advisers now owns 30,120 shares of the company’s stock valued at $1,285,000 after purchasing an additional 18,270 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the second quarter valued at $1,277,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 75.9% during the third quarter. Envestnet Asset Management Inc. now owns 28,674 shares of the company’s stock valued at $1,235,000 after buying an additional 12,376 shares during the last quarter. 1.86% of the stock is currently owned by hedge funds and other institutional investors.

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

NYSEARCA TAGG opened at $42.29 on Monday. T. Rowe Price QM U.S. Bond ETF has a one year low of $41.82 and a one year high of $44.66. The stock has a 50-day moving average of $43.10 and a 200 day moving average of $43.17. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 34.46 and a beta of 0.27.

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

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 24th were paid a $0.1539 dividend. This is a boost from T. Rowe Price QM U.S. Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Tuesday, February 24th.

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