T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Large Drop in Short Interest

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 47,082 shares, a decline of 36.8% from the July 15th total of 74,469 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 44,447 shares, the short-interest ratio is presently 1.1 days.

T. Rowe Price Dividend Growth ETF Price Performance

NYSEARCA:TDVG opened at $50.29 on Thursday. T. Rowe Price Dividend Growth ETF has a 12 month low of $42.82 and a 12 month high of $50.90. The firm has a market capitalization of $1.44 billion, a PE ratio of 24.89 and a beta of 0.79. The business’s fifty day moving average price is $49.48 and its 200 day moving average price is $47.54.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TDVG. Fortis Group Advisors LLC purchased a new stake in T. Rowe Price Dividend Growth ETF during the fourth quarter worth approximately $948,000. Janney Montgomery Scott LLC boosted its holdings in T. Rowe Price Dividend Growth ETF by 43.1% in the first quarter. Janney Montgomery Scott LLC now owns 38,460 shares of the company’s stock valued at $1,716,000 after purchasing an additional 11,586 shares in the last quarter. Beam Wealth Advisors Inc. purchased a new position in T. Rowe Price Dividend Growth ETF in the first quarter valued at approximately $477,000. Rockefeller Capital Management L.P. increased its stake in T. Rowe Price Dividend Growth ETF by 13.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 399,312 shares of the company’s stock valued at $17,957,000 after purchasing an additional 46,440 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in T. Rowe Price Dividend Growth ETF by 6.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,514,610 shares of the company’s stock worth $68,112,000 after purchasing an additional 87,489 shares in 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.