Summit Asset Management LLC Purchases Shares of 5,250 T. Rowe Price Dividend Growth ETF $TDVG

Summit Asset Management LLC purchased a new stake in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,250 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors have also recently modified their holdings of the company. TPG Advisors LLC lifted its stake in T. Rowe Price Dividend Growth ETF by 0.3% in the 2nd quarter. TPG Advisors LLC now owns 92,611 shares of the company’s stock valued at $3,925,000 after buying an additional 253 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of T. Rowe Price Dividend Growth ETF by 1.0% in the second quarter. Capital Advisors Ltd. LLC now owns 26,647 shares of the company’s stock worth $1,129,000 after acquiring an additional 261 shares during the last quarter. NavPoint Financial Inc. lifted its position in shares of T. Rowe Price Dividend Growth ETF by 1.5% in the second quarter. NavPoint Financial Inc. now owns 21,565 shares of the company’s stock valued at $914,000 after acquiring an additional 327 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in shares of T. Rowe Price Dividend Growth ETF by 3.2% in the first quarter. Arete Wealth Advisors LLC now owns 10,733 shares of the company’s stock valued at $434,000 after acquiring an additional 330 shares in the last quarter. Finally, Argent Trust Co boosted its stake in shares of T. Rowe Price Dividend Growth ETF by 9.9% during the first quarter. Argent Trust Co now owns 6,709 shares of the company’s stock valued at $271,000 after acquiring an additional 604 shares during the last quarter.

T. Rowe Price Dividend Growth ETF Trading Up 0.4%

Shares of TDVG stock opened at $44.04 on Friday. The firm has a 50-day moving average price of $43.82 and a 200 day moving average price of $42.53. T. Rowe Price Dividend Growth ETF has a twelve month low of $35.39 and a twelve month high of $44.84. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.89 and a beta of 0.86.

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.