T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Reaches New 12-Month High – Here’s Why

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) reached a new 52-week high on Monday . The company traded as high as $46.80 and last traded at $46.6950, with a volume of 68816 shares trading hands. The stock had previously closed at $45.93.

T. Rowe Price Dividend Growth ETF Price Performance

The company has a market cap of $1.26 billion, a price-to-earnings ratio of 24.89 and a beta of 0.86. The business has a 50 day simple moving average of $45.55 and a 200 day simple moving average of $44.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDVG. Goldman Sachs Group Inc. increased its position in T. Rowe Price Dividend Growth ETF by 59.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,151 shares of the company’s stock valued at $531,000 after acquiring an additional 4,894 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of T. Rowe Price Dividend Growth ETF by 18.6% during the second quarter. Janney Montgomery Scott LLC now owns 20,059 shares of the company’s stock worth $850,000 after purchasing an additional 3,144 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of T. Rowe Price Dividend Growth ETF during the second quarter valued at approximately $34,000. DAVENPORT & Co LLC acquired a new stake in shares of T. Rowe Price Dividend Growth ETF in the second quarter valued at approximately $222,000. Finally, CWM LLC increased its holdings in shares of T. Rowe Price Dividend Growth ETF by 224.2% in the second quarter. CWM LLC now owns 9,386 shares of the company’s stock valued at $398,000 after purchasing an additional 6,491 shares in the last quarter.

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.