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

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) reached a new 52-week high on Thursday . The stock traded as high as $49.07 and last traded at $48.47, with a volume of 58863 shares. The stock had previously closed at $48.83.

T. Rowe Price Dividend Growth ETF Stock Down 0.7%

The company has a fifty day simple moving average of $47.34 and a two-hundred day simple moving average of $46.21. The stock has a market capitalization of $1.33 billion, a P/E ratio of 24.89 and a beta of 0.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lighthouse Wealth Management Inc. lifted its holdings in T. Rowe Price Dividend Growth ETF by 59.1% during the fourth quarter. Lighthouse Wealth Management Inc. now owns 35,534 shares of the company’s stock worth $1,598,000 after acquiring an additional 13,196 shares in the last quarter. BIP Wealth LLC bought a new position in T. Rowe Price Dividend Growth ETF during the fourth quarter worth about $576,000. Wealth Enhancement Advisory Services LLC lifted its holdings in T. Rowe Price Dividend Growth ETF by 14.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 102,670 shares of the company’s stock worth $4,714,000 after acquiring an additional 13,114 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in T. Rowe Price Dividend Growth ETF by 10.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 4,141,709 shares of the company’s stock worth $186,253,000 after acquiring an additional 379,383 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new position in T. Rowe Price Dividend Growth ETF during the fourth quarter worth about $948,000.

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.