T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sets New 52-Week High – Should You Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) hit a new 52-week high during trading on Thursday . The company traded as high as $45.33 and last traded at $45.35, with a volume of 31707 shares changing hands. The stock had previously closed at $45.05.

T. Rowe Price Dividend Growth ETF Stock Performance

The company’s fifty day moving average is $44.33 and its two-hundred day moving average is $43.25. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 24.89 and a beta of 0.86.

Institutional Trading of T. Rowe Price Dividend Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of T. Rowe Price Dividend Growth ETF by 13.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,146,872 shares of the company’s stock valued at $46,334,000 after purchasing an additional 140,058 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in T. Rowe Price Dividend Growth ETF by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 13,151 shares of the company’s stock valued at $531,000 after buying an additional 4,894 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of T. Rowe Price Dividend Growth ETF by 3.2% in the first quarter. Arete Wealth Advisors LLC now owns 10,733 shares of the company’s stock valued at $434,000 after acquiring an additional 330 shares during the period. Focus Partners Wealth grew its position in shares of T. Rowe Price Dividend Growth ETF by 8.0% during the first quarter. Focus Partners Wealth now owns 168,136 shares of the company’s stock worth $6,793,000 after acquiring an additional 12,455 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of T. Rowe Price Dividend Growth ETF by 9.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 8,650 shares of the company’s stock valued at $349,000 after acquiring an additional 750 shares during the period.

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.