T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sets New 52-Week High – Should You Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $46.23 and last traded at $46.04, with a volume of 31017 shares traded. The stock had previously closed at $46.04.

T. Rowe Price Dividend Growth ETF Price Performance

The firm’s 50 day moving average price is $45.37 and its two-hundred day moving average price is $44.18. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 24.89 and a beta of 0.86.

Hedge Funds Weigh In On T. Rowe Price Dividend Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TDVG. Sequoia Financial Advisors LLC lifted its holdings in shares of T. Rowe Price Dividend Growth ETF by 1,032.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,762,326 shares of the company’s stock valued at $165,392,000 after buying an additional 3,430,206 shares during the period. Bank of America Corp DE raised its position in T. Rowe Price Dividend Growth ETF by 48.2% in the third quarter. Bank of America Corp DE now owns 2,389,859 shares of the company’s stock worth $105,058,000 after acquiring an additional 777,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in T. Rowe Price Dividend Growth ETF by 18.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,363,925 shares of the company’s stock valued at $57,803,000 after acquiring an additional 217,053 shares during the period. Yarger Wealth Strategies LLC boosted its position in shares of T. Rowe Price Dividend Growth ETF by 22.5% during the 3rd quarter. Yarger Wealth Strategies LLC now owns 389,942 shares of the company’s stock worth $17,142,000 after purchasing an additional 71,614 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of T. Rowe Price Dividend Growth ETF by 21.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 334,587 shares of the company’s stock worth $14,625,000 after purchasing an additional 60,083 shares during the period.

About T. Rowe Price Dividend Growth ETF

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.