Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG – Get Free Report) reached a new 52-week low during trading on Wednesday. The stock traded as low as $41.14 and last traded at $41.13, with a volume of 15576 shares traded. The stock had previously closed at $41.40.
T. Rowe Price QM U.S. Bond ETF Stock Down 0.6%
The company has a market capitalization of $2.60 billion, a PE ratio of 34.46 and a beta of 0.25. The company’s 50 day moving average is $41.75 and its two-hundred day moving average is $42.26.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in T. Rowe Price QM U.S. Bond ETF by 83.2% during the second quarter. Envestnet Asset Management Inc. now owns 105,023 shares of the company’s stock valued at $4,460,000 after purchasing an additional 47,698 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter worth $149,000. Citadel Advisors LLC grew its stake in shares of T. Rowe Price QM U.S. Bond ETF by 158.9% in the 2nd quarter. Citadel Advisors LLC now owns 55,918 shares of the company’s stock worth $2,375,000 after buying an additional 34,321 shares in the last quarter. Kickstand Ventures LLC. bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter worth about $23,887,000. Finally, Cetera Investment Advisers increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 61.8% in the 1st quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock worth $3,429,000 after buying an additional 30,739 shares during the last quarter. Hedge funds and other institutional investors own 1.86% of the company’s stock.
T. Rowe Price QM U.S. Bond ETF Company Profile
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.
Further Reading
- Five stocks we like better than T. Rowe Price QM U.S. Bond ETF
- Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks
- Paychex Plunges, Providing the Entry Investors Have Been Waiting For
- The Case for Buying High-Yield General Mills Just Strengthened
- SanDisk’s $1,800 Breakout Turns Memory Hardware Into a Profit Story
Receive News & Ratings for T. Rowe Price QM U.S. Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price QM U.S. Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
