T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sets New 1-Year High – Here’s Why

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG)’s share price reached a new 52-week high on Thursday. The stock traded as high as $51.85 and last traded at $51.7440, with a volume of 13,835 shares changing hands. The stock had previously closed at $51.54.

T. Rowe Price Dividend Growth ETF Stock Up 0.2%

The company has a market cap of $1.38 billion, a price-to-earnings ratio of 24.61 and a beta of 0.77. The company has a fifty day simple moving average of $49.62 and a two-hundred day simple moving average of $48.14.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC purchased a new stake in T. Rowe Price Dividend Growth ETF in the 3rd quarter valued at approximately $4,257,000. Allworth Financial LP lifted its position in shares of 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 during the third quarter valued at $19,454,000. J. Derek Lewis & Associates Inc. boosted its stake in shares of T. Rowe Price Dividend Growth ETF by 34.7% during the third quarter. J. Derek Lewis & Associates Inc. now owns 11,843 shares of the company’s stock valued at $572,000 after acquiring an additional 3,050 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in shares of T. Rowe Price Dividend Growth ETF by 17.6% during the third quarter. Kestra Advisory Services LLC now owns 51,279 shares of the company’s stock valued at $2,475,000 after acquiring an additional 7,658 shares during the last quarter.

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.