T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Reaches New 1-Year Low – Here’s What Happened

Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGGGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.59 and last traded at $41.5650, with a volume of 4137 shares changing hands. The stock had previously closed at $41.67.

T. Rowe Price QM U.S. Bond ETF Stock Performance

The stock has a market capitalization of $2.32 billion, a P/E ratio of 34.46 and a beta of 0.25. The business has a fifty day simple moving average of $41.99 and a 200-day simple moving average of $42.44.

Institutional Investors Weigh In On T. Rowe Price QM U.S. Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in T. Rowe Price QM U.S. Bond ETF during the 2nd quarter valued at $131,000. Raymond James Financial Inc. purchased a new position in T. Rowe Price QM U.S. Bond ETF in the second quarter valued at approximately $871,000. Jane Street Group LLC purchased a new stake in T. Rowe Price QM U.S. Bond ETF during the second quarter valued at about $796,000. Citadel Advisors LLC purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the third quarter worth $396,000. Finally, Rothschild Investment LLC lifted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 11.0% in the fourth quarter. Rothschild Investment LLC now owns 18,725 shares of the company’s stock worth $806,000 after buying an additional 1,850 shares in the last quarter. Institutional investors own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Company Profile

(Get Free Report)

The T. Rowe Price QM U.S. Bond ETF (TAGG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The ETF currently has 37.94m in AUM and 445 holdings. TAGG is an actively-managed fund that holds a wide array of USD-denominated investment-grade bonds with broad maturities. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.

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