T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Trading Down 0.4% – Should You Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)’s stock price fell 0.4% on Tuesday . The stock traded as low as $42.49 and last traded at $42.53. 143,836 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 162,868 shares. The stock had previously closed at $42.69.

T. Rowe Price QM U.S. Bond ETF Stock Performance

The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 34.46 and a beta of 0.27. The business’s 50 day simple moving average is $43.11 and its 200-day simple moving average is $43.17.

T. Rowe Price QM U.S. Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 24th were issued a $0.1539 dividend. This is a positive change from T. Rowe Price QM U.S. Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Institutional Trading of T. Rowe Price QM U.S. Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in shares of T. Rowe Price QM U.S. Bond ETF by 6.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock worth $1,396,982,000 after purchasing an additional 1,842,191 shares in the last quarter. Towerpoint Wealth LLC raised its stake in shares of T. Rowe Price QM U.S. Bond ETF by 9.0% during the fourth quarter. Towerpoint Wealth LLC now owns 291,145 shares of the company’s stock valued at $12,531,000 after purchasing an additional 23,931 shares in the last quarter. Cetera Investment Advisers lifted its holdings in T. Rowe Price QM U.S. Bond ETF by 27.9% in the fourth quarter. Cetera Investment Advisers now owns 49,748 shares of the company’s stock worth $2,141,000 after purchasing an additional 10,861 shares during the period. Commonwealth Equity Services LLC grew its position in T. Rowe Price QM U.S. Bond ETF by 573.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,524 shares of the company’s stock valued at $1,400,000 after buying an additional 27,694 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in T. Rowe Price QM U.S. Bond ETF by 1.6% during the 4th quarter. D.A. Davidson & CO. now owns 32,240 shares of the company’s stock valued at $1,388,000 after buying an additional 503 shares during the period. Institutional investors own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Company Profile

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.