N.E.W. Advisory Services LLC Grows Stake in T. Rowe Price U.S. High Yield ETF $THYF

N.E.W. Advisory Services LLC raised its stake in T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) by 564.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,870 shares of the company’s stock after acquiring an additional 120,503 shares during the period. N.E.W. Advisory Services LLC owned approximately 0.94% of T. Rowe Price U.S. High Yield ETF worth $7,413,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new stake in shares of T. Rowe Price U.S. High Yield ETF in the first quarter worth $28,000. PFG Advisors grew its stake in shares of T. Rowe Price U.S. High Yield ETF by 3.2% in the fourth quarter. PFG Advisors now owns 30,552 shares of the company’s stock worth $1,597,000 after acquiring an additional 960 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of T. Rowe Price U.S. High Yield ETF by 16.2% in the third quarter. Envestnet Asset Management Inc. now owns 11,158 shares of the company’s stock worth $585,000 after acquiring an additional 1,556 shares during the last quarter. Allworth Financial LP grew its stake in shares of T. Rowe Price U.S. High Yield ETF by 10.1% in the third quarter. Allworth Financial LP now owns 21,263 shares of the company’s stock worth $1,115,000 after acquiring an additional 1,949 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of T. Rowe Price U.S. High Yield ETF by 532.7% in the third quarter. Jones Financial Companies Lllp now owns 4,979 shares of the company’s stock worth $261,000 after acquiring an additional 4,192 shares during the last quarter.

T. Rowe Price U.S. High Yield ETF Trading Down 0.2%

NYSEARCA THYF opened at $51.76 on Friday. T. Rowe Price U.S. High Yield ETF has a 12 month low of $50.43 and a 12 month high of $52.98. The stock has a market cap of $812.63 million, a P/E ratio of 20.41 and a beta of 0.39. The stock’s fifty day moving average price is $51.66 and its 200-day moving average price is $52.08.

T. Rowe Price U.S. High Yield ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This is an increase from T. Rowe Price U.S. High Yield ETF’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

T. Rowe Price U.S. High Yield ETF Company Profile

The T. Rowe Price U.S. High Yield ETF (THYF) is an exchange-traded fund. The ETF currently has 21.58m in AUM and 110 holdings. THYF is actively managed to hold a broad portfolio of US high-yield corporate bonds of any maturity. THYF was launched on Oct 25, 2022 and is managed by T. Rowe Price.