T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Strong Trading Volume – Should You Buy?

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw unusually-strong trading volume on Tuesday . 421,804 shares changed hands during mid-day trading, an increase of 630% from the previous session’s volume of 57,790 shares.The stock last traded at $49.36 and had previously closed at $49.43.

T. Rowe Price Dividend Growth ETF Price Performance

The company has a market cap of $1.39 billion, a PE ratio of 24.89 and a beta of 0.79. The business has a 50-day moving average of $48.30 and a 200 day moving average of $46.77.

Institutional Investors Weigh In On T. Rowe Price Dividend Growth ETF

A number of large investors have recently made changes to their positions in TDVG. Bank of America Corp DE increased its holdings in T. Rowe Price Dividend Growth ETF by 48.2% during the third quarter. Bank of America Corp DE now owns 2,389,859 shares of the company’s stock valued at $105,058,000 after buying an additional 777,580 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in T. Rowe Price Dividend Growth ETF by 10.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,141,709 shares of the company’s stock worth $186,253,000 after acquiring an additional 379,383 shares during the period. Centaurus Financial Inc. purchased a new position in shares of T. Rowe Price Dividend Growth ETF during the 1st quarter worth $4,885,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of T. Rowe Price Dividend Growth ETF by 6.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,514,610 shares of the company’s stock worth $68,112,000 after acquiring an additional 87,489 shares during the last quarter. Finally, Sandy Cove Advisors LLC grew its position in shares of T. Rowe Price Dividend Growth ETF by 349.2% during the 2nd quarter. Sandy Cove Advisors LLC now owns 87,200 shares of the company’s stock valued at $4,275,000 after acquiring an additional 67,786 shares during the period.

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.