Towerpoint Wealth LLC Buys 94,089 Shares of T. Rowe Price QM U.S. Bond ETF $TAGG

Towerpoint Wealth LLC boosted its position in shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) by 54.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 267,214 shares of the company’s stock after purchasing an additional 94,089 shares during the period. T. Rowe Price QM U.S. Bond ETF accounts for approximately 4.7% of Towerpoint Wealth LLC’s portfolio, making the stock its 6th biggest position. Towerpoint Wealth LLC owned about 0.80% of T. Rowe Price QM U.S. Bond ETF worth $11,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of T. Rowe Price QM U.S. Bond ETF by 24,840.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,037,888 shares of the company’s stock worth $686,402,000 after purchasing an additional 15,973,584 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in T. Rowe Price QM U.S. Bond ETF in the second quarter worth approximately $1,277,000. D.A. Davidson & CO. acquired a new position in T. Rowe Price QM U.S. Bond ETF in the second quarter worth approximately $1,159,000. Raymond James Financial Inc. bought a new position in T. Rowe Price QM U.S. Bond ETF during the second quarter valued at approximately $871,000. Finally, Jane Street Group LLC acquired a new stake in T. Rowe Price QM U.S. Bond ETF in the second quarter valued at approximately $796,000. Hedge funds and other institutional investors own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Stock Up 0.0%

NYSEARCA TAGG opened at $43.12 on Thursday. The stock has a market capitalization of $1.53 billion, a PE ratio of 34.46 and a beta of 0.27. T. Rowe Price QM U.S. Bond ETF has a 12-month low of $41.41 and a 12-month high of $44.66. The company has a 50 day moving average price of $43.25 and a two-hundred day moving average price of $42.89.

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.