Beam Wealth Advisors Inc. Makes New Investment in T. Rowe Price Dividend Growth ETF $TDVG

Beam Wealth Advisors Inc. purchased a new position in shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,695 shares of the company’s stock, valued at approximately $477,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its stake in T. Rowe Price Dividend Growth ETF by 10.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,141,709 shares of the company’s stock worth $186,253,000 after acquiring an additional 379,383 shares in the last quarter. Bank of America Corp DE grew its position in T. Rowe Price Dividend Growth ETF by 48.2% in the 3rd quarter. Bank of America Corp DE now owns 2,389,859 shares of the company’s stock valued at $105,058,000 after acquiring an additional 777,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of T. Rowe Price Dividend Growth ETF by 6.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,514,610 shares of the company’s stock valued at $68,112,000 after purchasing an additional 87,489 shares during the period. Yarger Wealth Strategies LLC grew its holdings in shares of T. Rowe Price Dividend Growth ETF by 2.6% in the fourth quarter. Yarger Wealth Strategies LLC now owns 399,968 shares of the company’s stock valued at $17,987,000 after purchasing an additional 10,026 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in T. Rowe Price Dividend Growth ETF by 13.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 399,312 shares of the company’s stock worth $17,957,000 after buying an additional 46,440 shares in the last quarter.

T. Rowe Price Dividend Growth ETF Stock Down 0.5%

Shares of TDVG stock opened at $49.19 on Thursday. T. Rowe Price Dividend Growth ETF has a 52 week low of $41.85 and a 52 week high of $49.68. The stock has a market capitalization of $1.38 billion, a PE ratio of 24.89 and a beta of 0.79. The firm has a 50 day moving average of $48.05 and a two-hundred day moving average of $46.63.

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.