T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Reaches New 1-Year Low – What’s Next?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $41.86 and last traded at $41.86, with a volume of 3284 shares traded. The stock had previously closed at $42.07.

T. Rowe Price QM U.S. Bond ETF Stock Performance

The firm’s 50 day simple moving average is $42.32 and its 200 day simple moving average is $42.73. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new stake in T. Rowe Price QM U.S. Bond ETF in the second quarter valued at $131,000. Raymond James Financial Inc. acquired a new stake in T. Rowe Price QM U.S. Bond ETF during the 2nd quarter worth about $871,000. Jane Street Group LLC purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF during the 2nd quarter valued at about $796,000. Citadel Advisors LLC purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF during the 3rd quarter valued at about $396,000. Finally, DAVENPORT & Co LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 4th quarter valued at about $1,204,000. Hedge funds and other institutional investors own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Company Profile

The T. Rowe Price QM U.S. Bond ETF (TAGG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The ETF currently has 37.94m in AUM and 445 holdings. TAGG is an actively-managed fund that holds a wide array of USD-denominated investment-grade bonds with broad maturities. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.