T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG – Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 47,082 shares, a decrease of 36.8% from the July 15th total of 74,469 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 44,447 shares, the short-interest ratio is presently 1.1 days.
T. Rowe Price Dividend Growth ETF Price Performance
Shares of NYSEARCA:TDVG traded down $0.05 during midday trading on Tuesday, hitting $50.20. The company had a trading volume of 330,209 shares, compared to its average volume of 60,817. T. Rowe Price Dividend Growth ETF has a twelve month low of $42.82 and a twelve month high of $50.90. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 24.89 and a beta of 0.79. The business’s 50-day simple moving average is $49.38 and its 200-day simple moving average is $47.48.
Institutional Trading of T. Rowe Price Dividend Growth ETF
A number of hedge funds and other institutional investors have recently modified their holdings of TDVG. TD Capital Management LLC acquired a new position in shares of T. Rowe Price Dividend Growth ETF during the 4th quarter valued at about $32,000. Cornerstone Planning Group LLC acquired a new stake in T. Rowe Price Dividend Growth ETF during the first quarter worth about $34,000. Archer Investment Corp increased its position in T. Rowe Price Dividend Growth ETF by 192.0% during the fourth quarter. Archer Investment Corp now owns 1,019 shares of the company’s stock worth $46,000 after purchasing an additional 670 shares during the last quarter. International Assets Investment Management LLC purchased a new position in T. Rowe Price Dividend Growth ETF during the fourth quarter worth about $54,000. Finally, Arax Advisory Partners purchased a new position in T. Rowe Price Dividend Growth ETF during the fourth quarter worth about $106,000.
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.
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