T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 52-Week High – What’s Next?

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) reached a new 52-week high on Tuesday . The stock traded as high as $49.60 and last traded at $49.55, with a volume of 42237 shares. The stock had previously closed at $49.38.

T. Rowe Price Dividend Growth ETF Stock Performance

The business’s fifty day simple moving average is $47.95 and its 200-day simple moving average is $46.56. The firm has a market capitalization of $1.39 billion, a PE ratio of 24.89 and a beta of 0.79.

Hedge Funds Weigh In On T. Rowe Price Dividend Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of TDVG. Bank of America Corp DE grew its stake in T. Rowe Price Dividend Growth ETF by 48.2% during the third 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. Sequoia Financial Advisors LLC boosted its holdings in shares of 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 valued at $186,253,000 after purchasing an additional 379,383 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of T. Rowe Price Dividend Growth ETF during the 1st quarter valued at about $4,885,000. Northwestern Mutual Wealth Management Co. grew its position in shares of T. Rowe Price Dividend Growth ETF by 6.1% during 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 in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of T. Rowe Price Dividend Growth ETF by 149.5% during the third quarter. Two Sigma Investments LP now owns 98,300 shares of the company’s stock valued at $4,321,000 after purchasing an additional 58,900 shares in the last quarter.

T. Rowe Price Dividend Growth ETF Company 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.