Wealth Enhancement Advisory Services LLC Buys 15,924 Shares of T. Rowe Price Floating Rate ETF $TFLR

Wealth Enhancement Advisory Services LLC raised its stake in T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) by 43.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,770 shares of the company’s stock after buying an additional 15,924 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.60% of T. Rowe Price Floating Rate ETF worth $2,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TFLR. True Wealth Design LLC grew its position in shares of T. Rowe Price Floating Rate ETF by 0.5% during the 3rd quarter. True Wealth Design LLC now owns 41,342 shares of the company’s stock worth $2,127,000 after buying an additional 218 shares during the period. Mariner LLC raised its position in shares of T. Rowe Price Floating Rate ETF by 1.4% in the 3rd quarter. Mariner LLC now owns 22,491 shares of the company’s stock valued at $1,157,000 after acquiring an additional 319 shares during the period. Clear Investment Research LLC acquired a new stake in shares of T. Rowe Price Floating Rate ETF in the 3rd quarter valued at approximately $34,000. Cranbrook Wealth Management LLC boosted its stake in T. Rowe Price Floating Rate ETF by 35.3% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 3,102 shares of the company’s stock worth $160,000 after acquiring an additional 810 shares during the last quarter. Finally, 1620 Investment Advisors Inc. boosted its stake in T. Rowe Price Floating Rate ETF by 7.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 11,230 shares of the company’s stock worth $578,000 after acquiring an additional 818 shares during the last quarter.

T. Rowe Price Floating Rate ETF Stock Performance

Shares of NYSEARCA TFLR opened at $50.42 on Thursday. T. Rowe Price Floating Rate ETF has a 52-week low of $48.65 and a 52-week high of $51.90. The firm has a 50 day moving average price of $50.77 and a 200 day moving average price of $51.23.

T. Rowe Price Floating Rate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 24th were issued a $0.2552 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 6.1%.

T. Rowe Price Floating Rate ETF Profile

The T. Rowe Price Floating Rate ETF (TFLR) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on high yield fixed income. TFLR is actively managed to invest in a broad portfolio of USD-denominated floating-rate loans TFLR was launched on Nov 16, 2022 and is managed by T. Rowe Price.