T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Hits New 52-Week Low – Time to Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) shares reached a new 52-week low on Wednesday . The company traded as low as $41.59 and last traded at $41.5650, with a volume of 4137 shares. The stock had previously closed at $41.67.

T. Rowe Price QM U.S. Bond ETF Trading Down 0.6%

The stock has a market cap of $2.30 billion, a P/E ratio of 34.46 and a beta of 0.25. The company’s fifty day simple moving average is $41.95 and its 200-day simple moving average is $42.41.

Institutional Trading of T. Rowe Price QM U.S. Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TAGG. Price T Rowe Associates Inc. MD grew its position in T. Rowe Price QM U.S. Bond ETF by 6.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock valued at $1,396,982,000 after acquiring an additional 1,842,191 shares during the period. Kickstand Ventures LLC. bought a new stake in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter worth about $23,887,000. Bank of New York Mellon Corp increased its position in shares of 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 purchasing an additional 82,515 shares in the last quarter. Citadel Advisors LLC lifted its holdings in T. Rowe Price QM U.S. Bond ETF by 158.9% during the 2nd quarter. Citadel Advisors LLC now owns 55,918 shares of the company’s stock valued at $2,375,000 after purchasing an additional 34,321 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in T. Rowe Price QM U.S. Bond ETF by 61.8% during the 1st quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock valued at $3,429,000 after purchasing an additional 30,739 shares during the last quarter. Institutional investors own 1.86% of the company’s stock.

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.