Towerpoint Wealth LLC raised its position in shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG – Free Report) by 374.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,125 shares of the company’s stock after purchasing an additional 136,632 shares during the period. T. Rowe Price QM U.S. Bond ETF makes up approximately 3.3% of Towerpoint Wealth LLC’s holdings, making the stock its 7th largest holding. Towerpoint Wealth LLC owned approximately 0.54% of T. Rowe Price QM U.S. Bond ETF worth $7,388,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TAGG. Price T Rowe Associates Inc. MD boosted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 24,840.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,037,888 shares of the company’s stock worth $686,402,000 after purchasing an additional 15,973,584 shares in the last quarter. Jane Street Group LLC boosted its stake in T. Rowe Price QM U.S. Bond ETF by 174.6% in 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 in the last quarter. Cetera Investment Advisers purchased a new stake in T. Rowe Price QM U.S. Bond ETF in the first quarter worth approximately $507,000. Finally, Envestnet Asset Management Inc. bought a new position in T. Rowe Price QM U.S. Bond ETF during the first quarter valued at approximately $507,000. Institutional investors own 1.86% of the company’s stock.
T. Rowe Price QM U.S. Bond ETF Stock Performance
TAGG stock opened at $43.44 on Wednesday. The company has a market capitalization of $1.44 billion, a PE ratio of 34.46 and a beta of 0.26. T. Rowe Price QM U.S. Bond ETF has a one year low of $41.41 and a one year high of $44.66. The company’s 50 day moving average price is $42.72 and its two-hundred day moving average price is $42.54.
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.
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