T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sets New 1-Year High – Here’s Why

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) reached a new 52-week high on Friday . The stock traded as high as $44.66 and last traded at $43.32, with a volume of 179333 shares traded. The stock had previously closed at $43.57.

T. Rowe Price QM U.S. Bond ETF Trading Down 0.9 %

The stock has a market capitalization of $531.11 million, a price-to-earnings ratio of 34.66 and a beta of 0.30. The business has a 50 day simple moving average of $42.46 and a 200-day simple moving average of $42.55.

T. Rowe Price QM U.S. Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 26th were issued a $0.1399 dividend. This is an increase from T. Rowe Price QM U.S. Bond ETF’s previous dividend of $0.12. The ex-dividend date was Wednesday, March 26th.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 4th quarter valued at $2,693,000. Jane Street Group LLC increased its holdings in T. Rowe Price QM U.S. Bond ETF by 174.6% in the 4th quarter. Jane Street Group LLC now owns 33,368 shares of the company’s stock valued at $1,397,000 after purchasing an additional 21,217 shares in the last quarter. IFP Advisors Inc purchased a new position in T. Rowe Price QM U.S. Bond ETF in the fourth quarter valued at about $596,000. Savvy Advisors Inc. lifted its stake in shares of T. Rowe Price QM U.S. Bond ETF by 7.4% during the fourth quarter. Savvy Advisors Inc. now owns 11,382 shares of the company’s stock worth $477,000 after purchasing an additional 787 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 40.7% in the fourth quarter. Farther Finance Advisors LLC now owns 2,940 shares of the company’s stock worth $123,000 after buying an additional 850 shares during the period. Hedge funds and other institutional investors own 1.86% of the company’s stock.

About T. Rowe Price QM U.S. Bond ETF

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.