T. Rowe Price Value ETF (NYSEARCA:TVAL – Get Free Report) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 14,924 shares, a drop of 59.3% from the June 30th total of 36,633 shares. Based on an average daily volume of 71,094 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.
T. Rowe Price Value ETF Price Performance
TVAL stock opened at $42.35 on Monday. The company has a 50 day simple moving average of $41.33 and a 200 day simple moving average of $38.84. The stock has a market cap of $980.40 million, a price-to-earnings ratio of 20.80 and a beta of 0.79. T. Rowe Price Value ETF has a 1 year low of $32.26 and a 1 year high of $42.39.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flaharty Asset Management LLC bought a new stake in shares of T. Rowe Price Value ETF during the 4th quarter valued at about $16,913,000. Northwest Wealth Advisors LLC acquired a new stake in T. Rowe Price Value ETF during the fourth quarter worth approximately $5,127,000. N.E.W. Advisory Services LLC increased its holdings in T. Rowe Price Value ETF by 544.6% in the fourth quarter. N.E.W. Advisory Services LLC now owns 138,352 shares of the company’s stock worth $4,873,000 after purchasing an additional 116,888 shares in the last quarter. Independent Financial Group LLC bought a new stake in T. Rowe Price Value ETF in the first quarter worth approximately $2,282,000. Finally, Corient Private Wealth LLC increased its holdings in T. Rowe Price Value ETF by 89.7% in the fourth quarter. Corient Private Wealth LLC now owns 40,525 shares of the company’s stock worth $1,427,000 after purchasing an additional 19,160 shares in the last quarter.
About T. Rowe Price Value ETF
The T. Rowe Price Value ETF (TVAL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TVAL is an actively managed fund of attractively valued US large-capitalization companies having the potential for stock price appreciation as perceived by the fund adviser
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