T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Reaches New 12-Month Low – Here’s What Happened

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $41.70 and last traded at $41.70, with a volume of 1577 shares changing hands. The stock had previously closed at $41.78.

T. Rowe Price QM U.S. Bond ETF Stock Down 0.2%

The stock has a 50-day moving average of $42.08 and a 200 day moving average of $42.50. The stock has a market cap of $2.32 billion, a PE ratio of 34.46 and a beta of 0.25.

Institutional Investors Weigh In On T. Rowe Price QM U.S. Bond ETF

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in T. Rowe Price QM U.S. Bond ETF during the second quarter worth about $131,000. Osaic Holdings Inc. boosted its holdings in T. Rowe Price QM U.S. Bond ETF by 12.7% in the 4th quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock valued at $199,000 after purchasing an additional 521 shares during the last quarter. COFG Advisors LLC acquired a new position in T. Rowe Price QM U.S. Bond ETF in the 4th quarter valued at about $280,000. GeoWealth Management LLC purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 4th quarter valued at approximately $292,000. Finally, Citadel Advisors LLC purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 3rd quarter valued at approximately $396,000. 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.