T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Reaches New 1-Year High – Here’s Why

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $47.49 and last traded at $47.33, with a volume of 2641 shares trading hands. The stock had previously closed at $47.26.

T. Rowe Price Dividend Growth ETF Stock Up 0.1%

The firm has a market capitalization of $1.30 billion, a P/E ratio of 24.89 and a beta of 0.83. The firm has a 50 day moving average of $45.88 and a 200-day moving average of $45.39.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BIP Wealth LLC acquired a new position in T. Rowe Price Dividend Growth ETF during the fourth quarter valued at approximately $576,000. Lighthouse Wealth Management Inc. raised its position in T. Rowe Price Dividend Growth ETF by 59.1% during the fourth quarter. Lighthouse Wealth Management Inc. now owns 35,534 shares of the company’s stock valued at $1,598,000 after purchasing an additional 13,196 shares in the last quarter. Jones Financial Companies Lllp raised its position in T. Rowe Price Dividend Growth ETF by 21.9% during the third quarter. Jones Financial Companies Lllp now owns 334,587 shares of the company’s stock valued at $14,625,000 after purchasing an additional 60,083 shares in the last quarter. Yarger Wealth Strategies LLC raised its position in T. Rowe Price Dividend Growth ETF by 22.5% during the third quarter. Yarger Wealth Strategies LLC now owns 389,942 shares of the company’s stock valued at $17,142,000 after purchasing an additional 71,614 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in T. Rowe Price Dividend Growth ETF by 14.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 102,670 shares of the company’s stock valued at $4,714,000 after purchasing an additional 13,114 shares in the last quarter.

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.