Formidable Asset Management LLC Sells 18,801 Shares of T. Rowe Price Dividend Growth ETF $TDVG

Formidable Asset Management LLC lowered its position in shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) by 35.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,526 shares of the company’s stock after selling 18,801 shares during the quarter. Formidable Asset Management LLC owned about 0.12% of T. Rowe Price Dividend Growth ETF worth $1,508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TDVG. TD Capital Management LLC acquired a new position in shares of T. Rowe Price Dividend Growth ETF in the fourth quarter valued at about $32,000. Archer Investment Corp raised its stake in T. Rowe Price Dividend Growth ETF by 192.0% in the 4th quarter. Archer Investment Corp now owns 1,019 shares of the company’s stock worth $46,000 after purchasing an additional 670 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in T. Rowe Price Dividend Growth ETF in the 4th quarter worth about $54,000. Arax Advisory Partners bought a new stake in T. Rowe Price Dividend Growth ETF in the 4th quarter valued at about $106,000. Finally, N.E.W. Advisory Services LLC bought a new stake in T. Rowe Price Dividend Growth ETF in the 4th quarter valued at about $111,000.

T. Rowe Price Dividend Growth ETF Price Performance

Shares of NYSEARCA:TDVG opened at $48.46 on Monday. The company’s 50 day moving average price is $47.69 and its two-hundred day moving average price is $46.39. T. Rowe Price Dividend Growth ETF has a 12-month low of $41.85 and a 12-month high of $49.11. The firm has a market cap of $1.33 billion, a PE ratio of 24.89 and a beta of 0.79.

T. Rowe Price Dividend Growth ETF 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.