Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG – Get Free Report) dropped 0.3% during trading on Thursday . The stock traded as low as $43.02 and last traded at $43.03. Approximately 44,946 shares were traded during trading, a decline of 35% from the average daily volume of 68,649 shares. The stock had previously closed at $43.14.
T. Rowe Price QM U.S. Bond ETF Price Performance
The stock’s fifty day simple moving average is $43.14 and its two-hundred day simple moving average is $42.98. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 34.46 and a beta of 0.27.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Towerpoint Wealth LLC boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 374.4% during the 2nd quarter. Towerpoint Wealth LLC now owns 173,125 shares of the company’s stock valued at $7,388,000 after purchasing an additional 136,632 shares in the last quarter. Flow Traders U.S. LLC bought a new position in T. Rowe Price QM U.S. Bond ETF during the second quarter valued at approximately $1,277,000. D.A. Davidson & CO. acquired a new stake in T. Rowe Price QM U.S. Bond ETF in the second quarter valued at approximately $1,159,000. Raymond James Financial Inc. bought a new stake in T. Rowe Price QM U.S. Bond ETF in the second quarter worth approximately $871,000. Finally, Jane Street Group LLC bought a new stake in T. Rowe Price QM U.S. Bond ETF in the second quarter worth approximately $796,000. 1.86% of the stock is owned by institutional investors and hedge funds.
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.
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