T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Reaches New 12-Month High – Should You Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $49.60 and last traded at $49.55, with a volume of 42237 shares changing hands. The stock had previously closed at $49.38.

T. Rowe Price Dividend Growth ETF Trading Down 0.5%

The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 24.89 and a beta of 0.79. The stock has a 50-day moving average price of $48.05 and a two-hundred day moving average price of $46.63.

Institutional Investors Weigh In On T. Rowe Price Dividend Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDVG. Bill Few Associates Inc. grew its stake in shares of T. Rowe Price Dividend Growth ETF by 1.4% during the second quarter. Bill Few Associates Inc. now owns 28,493 shares of the company’s stock worth $1,397,000 after acquiring an additional 380 shares during the last quarter. Sandy Cove Advisors LLC raised its position in shares of T. Rowe Price Dividend Growth ETF by 349.2% in the 2nd quarter. Sandy Cove Advisors LLC now owns 87,200 shares of the company’s stock valued at $4,275,000 after purchasing an additional 67,786 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of T. Rowe Price Dividend Growth ETF by 2.9% in the 1st quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock valued at $339,000 after purchasing an additional 214 shares during the last quarter. WNY Asset Management LLC acquired a new stake in T. Rowe Price Dividend Growth ETF in the 1st quarter worth approximately $287,000. Finally, Bank of America Corp DE boosted its stake in T. Rowe Price Dividend Growth ETF by 8.0% in the 1st quarter. Bank of America Corp DE now owns 2,525,752 shares of the company’s stock worth $112,724,000 after purchasing an additional 187,252 shares in the last quarter.

T. Rowe Price Dividend Growth ETF Company Profile

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.