T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Unusually-High Trading Volume – Here’s What Happened

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw strong trading volume on Tuesday . 581,954 shares changed hands during trading, an increase of 250% from the previous session’s volume of 166,251 shares.The stock last traded at $42.91 and had previously closed at $42.96.

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

The company has a market cap of $1.86 billion, a P/E ratio of 34.46 and a beta of 0.27. The firm’s fifty day moving average is $43.01 and its two-hundred day moving average is $43.12.

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

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 24th were paid a $0.1539 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from T. Rowe Price QM U.S. Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, February 24th.

Institutional Trading of T. Rowe Price QM U.S. Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC purchased a new position in T. Rowe Price QM U.S. Bond ETF in the 3rd quarter worth approximately $25,000. Jones Financial Companies Lllp grew its holdings in T. Rowe Price QM U.S. Bond ETF by 494.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,016 shares of the company’s stock valued at $44,000 after buying an additional 845 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the second quarter valued at approximately $131,000. Farther Finance Advisors LLC raised its position in shares of T. Rowe Price QM U.S. Bond ETF by 54.4% during the fourth quarter. Farther Finance Advisors LLC now owns 4,540 shares of the company’s stock valued at $195,000 after buying an additional 1,600 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 12.7% in the fourth quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock worth $199,000 after buying an additional 521 shares in the last quarter. 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. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.