T. Rowe Price QM U.S. Bond ETF Plans Monthly Dividend of $0.15 (NYSEARCA:TAGG)

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) announced a monthly dividend on Monday, January 26th. Stockholders of record on Tuesday, January 27th will be paid a dividend of 0.1528 per share on Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, January 27th.

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

Shares of NYSEARCA:TAGG opened at $43.20 on Tuesday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 34.46 and a beta of 0.27. The firm’s 50 day simple moving average is $43.13 and its 200 day simple moving average is $43.03. T. Rowe Price QM U.S. Bond ETF has a fifty-two week low of $41.73 and a fifty-two week high of $44.66.

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

Hedge funds have recently bought and sold shares of the company. Towerpoint Wealth LLC boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 9.0% during the fourth quarter. Towerpoint Wealth LLC now owns 291,145 shares of the company’s stock worth $12,531,000 after purchasing an additional 23,931 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of T. Rowe Price QM U.S. Bond ETF by 16.8% in the 3rd quarter. D.A. Davidson & CO. now owns 31,737 shares of the company’s stock valued at $1,367,000 after buying an additional 4,575 shares in the last quarter. Cetera Investment Advisers raised its stake in T. Rowe Price QM U.S. Bond ETF by 154.2% during the 2nd quarter. Cetera Investment Advisers now owns 30,120 shares of the company’s stock worth $1,285,000 after buying an additional 18,270 shares during the period. Flow Traders U.S. LLC bought a new position in T. Rowe Price QM U.S. Bond ETF during the second quarter worth about $1,277,000. Finally, Envestnet Asset Management Inc. lifted its holdings in T. Rowe Price QM U.S. Bond ETF by 75.9% during the third quarter. Envestnet Asset Management Inc. now owns 28,674 shares of the company’s stock worth $1,235,000 after acquiring an additional 12,376 shares in the last quarter. 1.86% of the stock is currently owned by institutional investors and hedge funds.

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. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.