T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sets New 12-Month Low – Time to Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)’s share price hit a new 52-week low on Thursday . The stock traded as low as $41.86 and last traded at $41.86, with a volume of 3284 shares changing hands. The stock had previously closed at $42.07.

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

The stock has a 50-day moving average price of $42.34 and a 200-day moving average price of $42.74. The firm has a market capitalization of $2.29 billion, a PE ratio of 34.46 and a beta of 0.25.

Hedge Funds Weigh In On T. Rowe Price QM U.S. Bond ETF

Institutional investors have recently made changes to their positions in the business. Towerpoint Wealth LLC raised its holdings in T. Rowe Price QM U.S. Bond ETF by 9.0% in the fourth quarter. Towerpoint Wealth LLC now owns 291,145 shares of the company’s stock valued at $12,531,000 after acquiring an additional 23,931 shares in the last quarter. DAVENPORT & Co LLC bought a new position in T. Rowe Price QM U.S. Bond ETF during the 4th quarter valued at $1,204,000. Bank of New York Mellon Corp grew its holdings in T. Rowe Price QM U.S. Bond ETF by 97.1% during the 1st quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock worth $7,136,000 after acquiring an additional 82,515 shares in the last quarter. Fifth Third Bancorp acquired a new position in T. Rowe Price QM U.S. Bond ETF during the 1st quarter worth $511,000. Finally, GeoWealth Management LLC bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 4th quarter worth about $292,000. 1.86% of the stock is owned by institutional investors and hedge funds.

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.