T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sets New 1-Year High – Should You Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.15 and last traded at $49.15, with a volume of 15678 shares traded. The stock had previously closed at $49.03.

T. Rowe Price Dividend Growth ETF Price Performance

The firm’s 50 day moving average is $47.77 and its 200 day moving average is $46.45. The company has a market capitalization of $1.35 billion, a PE ratio of 24.89 and a beta of 0.79.

Institutional Investors Weigh In On T. Rowe Price Dividend Growth ETF

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in T. Rowe Price Dividend Growth ETF by 2.9% during the first quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock valued at $339,000 after acquiring an additional 214 shares during the last quarter. WNY Asset Management LLC purchased a new position in T. Rowe Price Dividend Growth ETF during the first quarter worth about $287,000. Bank of America Corp DE grew its position in T. Rowe Price Dividend Growth ETF by 8.0% in the 1st quarter. Bank of America Corp DE now owns 2,525,752 shares of the company’s stock valued at $112,724,000 after acquiring an additional 187,252 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in T. Rowe Price Dividend Growth ETF in the first quarter valued at $4,885,000. Finally, Cetera Investment Advisers lifted its stake in T. Rowe Price Dividend Growth ETF by 12.4% during the first quarter. Cetera Investment Advisers now owns 308,853 shares of the company’s stock worth $13,784,000 after purchasing an additional 34,014 shares during the last quarter.

T. Rowe Price Dividend Growth ETF Company Profile

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.