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

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) shares saw an uptick in trading volume on Monday. 152,077 shares traded hands during mid-day trading, an increase of 118% from the average daily volume of 69,743 shares. The stock last traded at $50.8740 and had previously closed at $49.92.

T. Rowe Price Dividend Growth ETF Stock Up 2.4%

The business’s fifty day simple moving average is $49.54 and its two-hundred day simple moving average is $48.06. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 24.89 and a beta of 0.77.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in T. Rowe Price Dividend Growth ETF by 0.5% in the third quarter. Allworth Financial LP now owns 295,812 shares of the company’s stock valued at $14,504,000 after acquiring an additional 1,395 shares in the last quarter. Confluence Wealth Services Inc. acquired a new stake in shares of T. Rowe Price Dividend Growth ETF in the 3rd quarter valued at about $19,454,000. J. Derek Lewis & Associates Inc. grew its stake in T. Rowe Price Dividend Growth ETF by 34.7% during the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 11,843 shares of the company’s stock worth $572,000 after buying an additional 3,050 shares during the last quarter. Kestra Advisory Services LLC grew its stake in T. Rowe Price Dividend Growth ETF by 17.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 51,279 shares of the company’s stock worth $2,475,000 after buying an additional 7,658 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in T. Rowe Price Dividend Growth ETF during the third quarter worth approximately $22,349,000.

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.