T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Strong Trading Volume – What’s Next?

Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw unusually-strong trading volume on Friday . Approximately 86,847 shares traded hands during trading, an increase of 109% from the previous session’s volume of 41,469 shares.The stock last traded at $42.34 and had previously closed at $42.46.

T. Rowe Price QM U.S. Bond ETF Price Performance

The firm’s fifty day moving average is $42.55 and its two-hundred day moving average is $42.35. The firm has a market capitalization of $1.28 billion, a PE ratio of 34.46 and a beta of 0.28.

T. Rowe Price QM U.S. Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 26th were paid a $0.1399 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This is an increase from T. Rowe Price QM U.S. Bond ETF’s previous dividend of $0.12.

Institutional Trading of T. Rowe Price QM U.S. Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD bought a new position in T. Rowe Price QM U.S. Bond ETF in the 4th quarter valued at $2,693,000. Towerpoint Wealth LLC bought a new position in T. Rowe Price QM U.S. Bond ETF during the first quarter valued at about $1,562,000. Jane Street Group LLC increased its holdings in T. Rowe Price QM U.S. Bond ETF by 174.6% during the fourth quarter. Jane Street Group LLC now owns 33,368 shares of the company’s stock worth $1,397,000 after buying an additional 21,217 shares during the last quarter. IFP Advisors Inc bought a new stake in T. Rowe Price QM U.S. Bond ETF in the fourth quarter worth about $596,000. Finally, Cetera Investment Advisers purchased a new position in T. Rowe Price QM U.S. Bond ETF in the first quarter valued at about $507,000. 1.86% of the stock is owned by hedge funds and other institutional investors.

About T. Rowe Price QM U.S. Bond ETF

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.