T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Reaches New 12-Month Low – Should You Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $41.70 and last traded at $41.70, with a volume of 1577 shares changing hands. The stock had previously closed at $41.78.

T. Rowe Price QM U.S. Bond ETF Stock Down 0.2%

The stock has a market cap of $2.32 billion, a PE ratio of 34.46 and a beta of 0.25. The firm has a fifty day moving average of $42.11 and a 200 day moving average of $42.53.

Institutional Investors Weigh In On T. Rowe Price QM U.S. Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in TAGG. Kickstand Ventures LLC. purchased a new stake in T. Rowe Price QM U.S. Bond ETF during the second quarter worth approximately $23,887,000. Cetera Investment Advisers raised its holdings in T. Rowe Price QM U.S. Bond ETF by 61.8% during the first quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock worth $3,429,000 after purchasing an additional 30,739 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of T. Rowe Price QM U.S. Bond ETF by 97.1% during the 1st quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock worth $7,136,000 after buying an additional 82,515 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 1st quarter worth approximately $511,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock valued at $1,396,982,000 after buying an additional 1,842,191 shares in the last quarter. Institutional investors and hedge funds own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Company Profile

The T. Rowe Price QM U.S. Bond ETF (TAGG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The ETF currently has 37.94m in AUM and 445 holdings. TAGG is an actively-managed fund that holds a wide array of USD-denominated investment-grade bonds with broad maturities. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.