T. Rowe Price Floating Rate ETF $TFLR Shares Purchased by Turning Point Benefit Group Inc.

Turning Point Benefit Group Inc. raised its holdings in T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) by 41.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,941 shares of the company’s stock after acquiring an additional 25,863 shares during the period. T. Rowe Price Floating Rate ETF comprises about 2.4% of Turning Point Benefit Group Inc.’s investment portfolio, making the stock its 10th largest holding. Turning Point Benefit Group Inc.’s holdings in T. Rowe Price Floating Rate ETF were worth $4,572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Castle Wealth Management LLC grew its stake in T. Rowe Price Floating Rate ETF by 5.6% in the third quarter. Castle Wealth Management LLC now owns 246,074 shares of the company’s stock valued at $12,662,000 after acquiring an additional 12,956 shares during the period. 4J Wealth Management LLC lifted its holdings in shares of T. Rowe Price Floating Rate ETF by 11.5% in the third quarter. 4J Wealth Management LLC now owns 198,857 shares of the company’s stock valued at $10,232,000 after purchasing an additional 20,434 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of T. Rowe Price Floating Rate ETF by 353.4% in the third quarter. Prospera Financial Services Inc now owns 25,826 shares of the company’s stock valued at $1,329,000 after purchasing an additional 20,130 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of T. Rowe Price Floating Rate ETF by 43.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,770 shares of the company’s stock valued at $2,720,000 after purchasing an additional 15,924 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of T. Rowe Price Floating Rate ETF in the fourth quarter valued at about $1,751,000.

T. Rowe Price Floating Rate ETF Stock Performance

Shares of T. Rowe Price Floating Rate ETF stock opened at $50.73 on Wednesday. The stock’s 50-day moving average is $50.60 and its 200-day moving average is $51.12. T. Rowe Price Floating Rate ETF has a one year low of $49.77 and a one year high of $51.90.

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. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Tuesday, February 24th.

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.