T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Reaches New 52-Week High – Here’s What Happened

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $47.53 and last traded at $47.49, with a volume of 18530 shares. The stock had previously closed at $47.08.

T. Rowe Price Dividend Growth ETF Stock Down 0.5%

The company has a market capitalization of $1.30 billion, a PE ratio of 24.89 and a beta of 0.80. The firm has a 50-day moving average of $45.90 and a two-hundred day moving average of $45.59.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TDVG. Goldman Sachs Group Inc. grew its position in shares of T. Rowe Price Dividend Growth ETF by 59.3% during the first quarter. Goldman Sachs Group Inc. now owns 13,151 shares of the company’s stock worth $531,000 after acquiring an additional 4,894 shares during the last quarter. Jane Street Group LLC acquired a new stake in T. Rowe Price Dividend Growth ETF during the 2nd quarter worth $686,000. Bank of America Corp DE grew its position in T. Rowe Price Dividend Growth ETF by 20.3% during the 2nd quarter. Bank of America Corp DE now owns 1,612,279 shares of the company’s stock worth $68,328,000 after purchasing an additional 271,807 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in T. Rowe Price Dividend Growth ETF by 1,032.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,762,326 shares of the company’s stock worth $165,392,000 after purchasing an additional 3,430,206 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in T. Rowe Price Dividend Growth ETF by 23.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 89,556 shares of the company’s stock valued at $3,953,000 after purchasing an additional 17,280 shares during the period.

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.