T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Reaches New 52-Week High – Time to Buy?

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) reached a new 52-week high on Monday . The company traded as high as $49.90 and last traded at $49.88, with a volume of 2926 shares. The stock had previously closed at $49.35.

T. Rowe Price Dividend Growth ETF Stock Performance

The firm’s 50-day moving average price is $48.61 and its two-hundred day moving average price is $46.98. The firm has a market cap of $1.42 billion, a PE ratio of 24.89 and a beta of 0.79.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lighthouse Wealth Management Inc. increased its position in shares of 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 worth $1,598,000 after purchasing an additional 13,196 shares in the last quarter. BIP Wealth LLC purchased a new stake in shares of T. Rowe Price Dividend Growth ETF in the 4th quarter valued at about $576,000. Rockefeller Capital Management L.P. boosted its position in shares of T. Rowe Price Dividend Growth ETF by 13.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 399,312 shares of the company’s stock valued at $17,957,000 after purchasing an additional 46,440 shares during the period. Fortis Group Advisors LLC acquired a new stake in shares of T. Rowe Price Dividend Growth ETF in the 4th quarter valued at about $948,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of T. Rowe Price Dividend Growth ETF by 14.6% in the 4th 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 during the period.

About T. Rowe Price Dividend Growth ETF

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.