T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Strong Trading Volume – Here’s What Happened

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) shares saw strong trading volume on Monday . 41,479 shares were traded during trading, an increase of 209% from the previous session’s volume of 13,428 shares.The stock last traded at $42.75 and had previously closed at $42.63.

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

The firm’s fifty day simple moving average is $42.37 and its 200 day simple moving average is $42.56. The company has a market capitalization of $526.26 million, a price-to-earnings ratio of 34.66 and a beta of 0.30.

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

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 26th were paid a $0.1399 dividend. This is an increase from T. Rowe Price QM U.S. Bond ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On T. Rowe Price QM U.S. Bond ETF

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 4th quarter valued at about $596,000. Farther Finance Advisors LLC raised its position in T. Rowe Price QM U.S. Bond ETF by 40.7% during the fourth quarter. Farther Finance Advisors LLC now owns 2,940 shares of the company’s stock valued at $123,000 after acquiring an additional 850 shares in the last quarter. Savvy Advisors Inc. lifted its stake in T. Rowe Price QM U.S. Bond ETF by 7.4% in the fourth quarter. Savvy Advisors Inc. now owns 11,382 shares of the company’s stock valued at $477,000 after acquiring an additional 787 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in T. Rowe Price QM U.S. Bond ETF in the fourth quarter worth approximately $2,693,000. Finally, Jane Street Group LLC increased its stake in shares of T. Rowe Price QM U.S. Bond ETF by 174.6% during the 4th quarter. Jane Street Group LLC now owns 33,368 shares of the company’s stock worth $1,397,000 after purchasing an additional 21,217 shares during the last quarter. Institutional investors and hedge funds 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.