T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 12-Month High – What’s Next?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) shares reached a new 52-week high on Tuesday . The stock traded as high as $48.01 and last traded at $48.01, with a volume of 3317 shares traded. The stock had previously closed at $47.50.

T. Rowe Price Dividend Growth ETF Stock Up 0.2%

The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 24.89 and a beta of 0.80. The firm’s 50 day moving average is $46.12 and its two-hundred day moving average is $45.74.

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

Large investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its holdings in shares of T. Rowe Price Dividend Growth ETF by 2.2% during the first quarter. Sequoia Financial Advisors LLC now owns 4,234,788 shares of the company’s stock valued at $188,999,000 after purchasing an additional 93,079 shares during the period. Bank of America Corp DE increased its stake in shares of T. Rowe Price Dividend Growth ETF by 8.0% during the first 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 during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of T. Rowe Price Dividend Growth ETF by 6.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,514,610 shares of the company’s stock valued at $68,112,000 after acquiring an additional 87,489 shares during the period. Yarger Wealth Strategies LLC grew its holdings in T. Rowe Price Dividend Growth ETF by 2.6% during the fourth quarter. Yarger Wealth Strategies LLC now owns 399,968 shares of the company’s stock worth $17,987,000 after acquiring an additional 10,026 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in T. Rowe Price Dividend Growth ETF by 13.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 399,312 shares of the company’s stock worth $17,957,000 after acquiring an additional 46,440 shares during the period.

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.