T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Reaches New 1-Year High – Time to Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) shares hit a new 52-week high on Monday . The company traded as high as $45.96 and last traded at $45.90, with a volume of 7031 shares changing hands. The stock had previously closed at $45.90.

T. Rowe Price Dividend Growth ETF Stock Performance

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 24.89 and a beta of 0.86. The company’s 50 day simple moving average is $44.81 and its two-hundred day simple moving average is $43.80.

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

A number of hedge funds have recently added to or reduced their stakes in TDVG. TPG Advisors LLC raised its position in T. Rowe Price Dividend Growth ETF by 0.3% during the second quarter. TPG Advisors LLC now owns 92,611 shares of the company’s stock valued at $3,925,000 after acquiring an additional 253 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of T. Rowe Price Dividend Growth ETF by 1.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 26,647 shares of the company’s stock worth $1,129,000 after purchasing an additional 261 shares during the last quarter. First Heartland Consultants Inc. raised its holdings in shares of T. Rowe Price Dividend Growth ETF by 2.6% during the 3rd quarter. First Heartland Consultants Inc. now owns 11,741 shares of the company’s stock valued at $516,000 after purchasing an additional 293 shares in the last quarter. NavPoint Financial Inc. lifted its stake in shares of T. Rowe Price Dividend Growth ETF by 1.5% in the 2nd quarter. NavPoint Financial Inc. now owns 21,565 shares of the company’s stock valued at $914,000 after purchasing an additional 327 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in shares of T. Rowe Price Dividend Growth ETF by 4.6% in the 4th quarter. DAVENPORT & Co LLC now owns 9,152 shares of the company’s stock valued at $412,000 after purchasing an additional 402 shares during 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.