T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Stock Price Down 0.4% – Time to Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)’s share price dropped 0.4% on Tuesday . The company traded as low as $42.49 and last traded at $42.53. Approximately 143,836 shares changed hands during trading, a decline of 12% from the average daily volume of 162,868 shares. The stock had previously closed at $42.69.

T. Rowe Price QM U.S. Bond ETF Trading Down 0.4%

The company’s fifty day simple moving average is $43.14 and its 200 day simple moving average is $43.18. The stock has a market capitalization of $1.77 billion, a P/E ratio of 34.46 and a beta of 0.27.

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

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 24th were given a $0.1539 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from T. Rowe Price QM U.S. Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Tuesday, February 24th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TAGG. Price T Rowe Associates Inc. MD increased its stake in T. Rowe Price QM U.S. Bond ETF by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock worth $1,396,982,000 after acquiring an additional 1,842,191 shares during the last quarter. Towerpoint Wealth LLC raised its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 54.3% in the 3rd quarter. Towerpoint Wealth LLC now owns 267,214 shares of the company’s stock valued at $11,506,000 after acquiring an additional 94,089 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 2nd quarter valued at about $1,277,000. DAVENPORT & Co LLC bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 4th quarter valued at about $1,204,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 573.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 32,524 shares of the company’s stock worth $1,400,000 after purchasing an additional 27,694 shares in the last quarter. 1.86% of the stock is currently owned by hedge funds and other institutional investors.

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

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.