T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Reaches New 12-Month High – Here’s What Happened

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $45.54 and last traded at $45.5490, with a volume of 15704 shares trading hands. The stock had previously closed at $45.22.

T. Rowe Price Dividend Growth ETF Trading Up 0.7%

The stock’s fifty day moving average is $44.68 and its two-hundred day moving average is $43.66. The firm has a market cap of $1.19 billion, a P/E ratio of 24.89 and a beta of 0.86.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in shares of T. Rowe Price Dividend Growth ETF by 59.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,151 shares of the company’s stock valued at $531,000 after acquiring an additional 4,894 shares in the last quarter. Arete Wealth Advisors LLC increased its position in shares of T. Rowe Price Dividend Growth ETF by 3.2% in the first quarter. Arete Wealth Advisors LLC now owns 10,733 shares of the company’s stock worth $434,000 after purchasing an additional 330 shares during the last quarter. Focus Partners Wealth raised its stake in T. Rowe Price Dividend Growth ETF by 8.0% in the first quarter. Focus Partners Wealth now owns 168,136 shares of the company’s stock valued at $6,793,000 after purchasing an additional 12,455 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in T. Rowe Price Dividend Growth ETF by 9.5% during the first quarter. Geneos Wealth Management Inc. now owns 8,650 shares of the company’s stock valued at $349,000 after purchasing an additional 750 shares during the last quarter. Finally, Sandy Cove Advisors LLC purchased a new position in T. Rowe Price Dividend Growth ETF in the 2nd quarter worth approximately $220,000.

About T. Rowe Price Dividend Growth ETF

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.