T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 79,679 shares, an increase of 69.2% from the July 30th total of 47,082 shares. Based on an average daily volume of 39,739 shares, the short-interest ratio is currently 2.0 days. Currently, 0.3% of the company’s shares are short sold.
Institutional Investors Weigh In On T. Rowe Price Dividend Growth ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of T. Rowe Price Dividend Growth ETF by 48.2% during the 3rd quarter. Bank of America Corp DE now owns 2,389,859 shares of the company’s stock worth $105,058,000 after purchasing an additional 777,580 shares during the period. Sequoia Financial Advisors LLC raised its position in T. Rowe Price Dividend Growth ETF by 10.1% in the fourth 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 period. Centaurus Financial Inc. purchased a new stake in T. Rowe Price Dividend Growth ETF in the first quarter valued at approximately $4,885,000. Northwestern Mutual Wealth Management Co. lifted its stake in 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 worth $68,112,000 after purchasing an additional 87,489 shares in the last quarter. Finally, Sandy Cove Advisors LLC boosted its position in shares of T. Rowe Price Dividend Growth ETF by 349.2% during the second quarter. Sandy Cove Advisors LLC now owns 87,200 shares of the company’s stock worth $4,275,000 after buying an additional 67,786 shares during the period.
T. Rowe Price Dividend Growth ETF Stock Performance
Shares of NYSEARCA TDVG traded down $0.24 during mid-day trading on Monday, reaching $49.84. 39,065 shares of the company’s stock were exchanged, compared to its average volume of 59,802. The company’s 50-day moving average is $49.69 and its 200-day moving average is $47.73. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.89 and a beta of 0.79. T. Rowe Price Dividend Growth ETF has a 52-week low of $42.82 and a 52-week high of $50.90.
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.
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