T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sets New 52-Week Low – What’s Next?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) shares hit a new 52-week low on Friday . The stock traded as low as $41.73 and last traded at $41.73, with a volume of 1134 shares. The stock had previously closed at $41.86.

T. Rowe Price QM U.S. Bond ETF Stock Down 0.3%

The stock has a fifty day moving average of $42.30 and a 200-day moving average of $42.70. The stock has a market cap of $2.32 billion, a PE ratio of 34.46 and a beta of 0.25.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the second quarter worth $131,000. Raymond James Financial Inc. purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the second quarter valued at about $871,000. Jane Street Group LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF during the second quarter worth about $796,000. Citadel Advisors LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF during the third quarter worth about $396,000. Finally, Farther Finance Advisors LLC raised its holdings in T. Rowe Price QM U.S. Bond ETF by 54.4% during the fourth quarter. Farther Finance Advisors LLC now owns 4,540 shares of the company’s stock worth $195,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 1.86% of the company’s stock.

About T. Rowe Price QM U.S. Bond ETF

The T. Rowe Price QM U.S. Bond ETF (TAGG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The ETF currently has 37.94m in AUM and 445 holdings. TAGG is an actively-managed fund that holds a wide array of USD-denominated investment-grade bonds with broad maturities. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.