T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Large Volume Increase – Time to Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw unusually-high trading volume on Wednesday . Approximately 144,849 shares were traded during mid-day trading, an increase of 149% from the previous session’s volume of 58,137 shares.The stock last traded at $45.5410 and had previously closed at $45.81.

T. Rowe Price Dividend Growth ETF Stock Up 0.2%

The company has a market cap of $1.21 billion, a P/E ratio of 24.89 and a beta of 0.86. The business has a fifty day moving average of $45.00 and a 200 day moving average of $43.91.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its stake in shares of T. Rowe Price Dividend Growth ETF by 1,032.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,762,326 shares of the company’s stock valued at $165,392,000 after purchasing an additional 3,430,206 shares in the last quarter. Bank of America Corp DE lifted its holdings in T. Rowe Price Dividend Growth ETF by 48.2% in the third quarter. Bank of America Corp DE now owns 2,389,859 shares of the company’s stock worth $105,058,000 after buying an additional 777,580 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in T. Rowe Price Dividend Growth ETF by 18.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,363,925 shares of the company’s stock worth $57,803,000 after buying an additional 217,053 shares during the period. MBL Wealth LLC bought a new stake in T. Rowe Price Dividend Growth ETF during the 2nd quarter valued at approximately $6,136,000. Finally, Yarger Wealth Strategies LLC grew its holdings in shares of T. Rowe Price Dividend Growth ETF by 22.5% during the 3rd quarter. Yarger Wealth Strategies LLC now owns 389,942 shares of the company’s stock worth $17,142,000 after acquiring an additional 71,614 shares during the period.

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.