T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 12-Month High – Still a Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $48.48 and last traded at $48.48, with a volume of 4880 shares changing hands. The stock had previously closed at $48.28.

T. Rowe Price Dividend Growth ETF Price Performance

The business has a 50-day moving average of $47.11 and a 200-day moving average of $46.12. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 24.89 and a beta of 0.79.

Institutional Trading of T. Rowe Price Dividend Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of T. Rowe Price Dividend Growth ETF by 2.9% in the first quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock valued at $339,000 after acquiring an additional 214 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of 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 valued at $1,251,000 after acquiring an additional 217 shares during the last quarter. Aptus Capital Advisors LLC increased its position 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 valued at $706,000 after acquiring an additional 276 shares during the last quarter. First Heartland Consultants Inc. increased its position in shares of T. Rowe Price Dividend Growth ETF by 2.6% in the third quarter. First Heartland Consultants Inc. now owns 11,741 shares of the company’s stock valued at $516,000 after acquiring an additional 293 shares during the last quarter. Finally, Beaumont Financial Advisors LLC increased its position in T. Rowe Price Dividend Growth ETF by 0.8% during the fourth quarter. Beaumont Financial Advisors LLC now owns 44,288 shares of the company’s stock worth $1,992,000 after buying an additional 351 shares during the last quarter.

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.