T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Unusually-High Trading Volume – Here’s Why

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw an uptick in trading volume on Monday . Approximately 181,822 shares were traded during trading, an increase of 209% from the previous session’s volume of 58,797 shares.The stock last traded at $50.21 and had previously closed at $50.56.

T. Rowe Price Dividend Growth ETF Stock Performance

The firm has a market cap of $1.43 billion, a PE ratio of 24.89 and a beta of 0.79. The company’s 50-day simple moving average is $49.42 and its two-hundred day simple moving average is $47.51.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TDVG. 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 worth $339,000 after purchasing an additional 214 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in T. Rowe Price Dividend Growth ETF by 0.8% in the first quarter. Capital Advisors Ltd. LLC now owns 28,041 shares of the company’s stock worth $1,251,000 after buying an additional 217 shares during the last quarter. Wealthcare Capital Partners LLC lifted its stake in shares of T. Rowe Price Dividend Growth ETF by 2.3% in the second quarter. Wealthcare Capital Partners LLC now owns 11,027 shares of the company’s stock worth $541,000 after buying an additional 243 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in shares of T. Rowe Price Dividend Growth ETF by 1.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 15,709 shares of the company’s stock worth $706,000 after buying an additional 276 shares in the last quarter. Finally, Bill Few Associates Inc. grew its holdings 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 valued at $1,397,000 after buying an additional 380 shares during 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.