T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Unusually-High Trading Volume – Here’s Why

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw an uptick in trading volume on Tuesday . Approximately 421,804 shares changed hands during mid-day trading, an increase of 630% from the previous session’s volume of 57,790 shares.The stock last traded at $49.36 and had previously closed at $49.43.

T. Rowe Price Dividend Growth ETF Price Performance

The company has a fifty day moving average price of $48.21 and a 200 day moving average price of $46.72. The company has a market cap of $1.39 billion, a PE ratio of 24.89 and a beta of 0.79.

Hedge Funds Weigh In On T. Rowe Price Dividend Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TDVG. Nvest Wealth Strategies Inc. increased its holdings in shares of T. Rowe Price Dividend Growth ETF by 91.4% in the 2nd quarter. Nvest Wealth Strategies Inc. now owns 22,591 shares of the company’s stock worth $1,108,000 after buying an additional 10,789 shares during the last quarter. Wealthcare Capital Partners LLC lifted its holdings in shares of T. Rowe Price Dividend Growth ETF by 2.3% during the 2nd quarter. Wealthcare Capital Partners LLC now owns 11,027 shares of the company’s stock worth $541,000 after acquiring an additional 243 shares during the last quarter. Bill Few Associates Inc. lifted its holdings in shares of T. Rowe Price Dividend Growth ETF by 1.4% during the 2nd quarter. Bill Few Associates Inc. now owns 28,493 shares of the company’s stock worth $1,397,000 after acquiring an additional 380 shares during the last quarter. Sandy Cove Advisors LLC grew its position in T. Rowe Price Dividend Growth ETF by 349.2% in the second quarter. Sandy Cove Advisors LLC now owns 87,200 shares of the company’s stock worth $4,275,000 after acquiring an additional 67,786 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in T. Rowe Price Dividend Growth ETF by 2.9% in the first quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock worth $339,000 after acquiring an additional 214 shares in 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.