T. Rowe Price Dividend Growth ETF $TDVG Position Cut by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its holdings in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) by 96.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 43,986 shares of the company’s stock after selling 1,383,135 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in T. Rowe Price Dividend Growth ETF were worth $1,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TDVG. Bank of America Corp DE grew its holdings in T. Rowe Price Dividend Growth ETF by 48.2% in the 3rd quarter. Bank of America Corp DE now owns 2,389,859 shares of the company’s stock worth $105,058,000 after buying an additional 777,580 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in T. Rowe Price Dividend Growth ETF by 10.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,141,709 shares of the company’s stock worth $186,253,000 after buying an additional 379,383 shares in the last quarter. Yarger Wealth Strategies LLC boosted its stake in 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 valued at $17,142,000 after purchasing an additional 71,614 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in 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 valued at $14,625,000 after purchasing an additional 60,083 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in T. Rowe Price Dividend Growth ETF by 149.5% during the 3rd quarter. Two Sigma Investments LP now owns 98,300 shares of the company’s stock valued at $4,321,000 after purchasing an additional 58,900 shares in the last quarter.

T. Rowe Price Dividend Growth ETF Stock Performance

Shares of NYSEARCA TDVG opened at $47.97 on Wednesday. The stock has a fifty day moving average price of $46.18 and a two-hundred day moving average price of $45.77. The firm has a market cap of $1.32 billion, a P/E ratio of 24.89 and a beta of 0.80. T. Rowe Price Dividend Growth ETF has a 1 year low of $40.96 and a 1 year high of $48.11.

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.