T. Rowe Price Floating Rate ETF to Issue Monthly Dividend of $0.27 (NYSEARCA:TFLR)

T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) declared a monthly dividend on Monday, January 26th. Shareholders of record on Tuesday, January 27th will be paid a dividend of 0.2743 per share on Thursday, January 29th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Tuesday, January 27th.

T. Rowe Price Floating Rate ETF Stock Performance

Shares of NYSEARCA TFLR opened at $51.57 on Tuesday. T. Rowe Price Floating Rate ETF has a 52 week low of $48.65 and a 52 week high of $52.17. The business has a 50-day simple moving average of $51.48 and a two-hundred day simple moving average of $51.52.

Institutional Trading of T. Rowe Price Floating Rate ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TFLR. Castle Wealth Management LLC raised its holdings in shares of T. Rowe Price Floating Rate ETF by 5.6% in the 3rd quarter. Castle Wealth Management LLC now owns 246,074 shares of the company’s stock valued at $12,662,000 after acquiring an additional 12,956 shares in the last quarter. 4J Wealth Management LLC lifted its position in T. Rowe Price Floating Rate ETF by 11.5% during the third quarter. 4J Wealth Management LLC now owns 198,857 shares of the company’s stock valued at $10,232,000 after purchasing an additional 20,434 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in T. Rowe Price Floating Rate ETF by 13.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,770 shares of the company’s stock worth $1,122,000 after buying an additional 2,645 shares in the last quarter. Osaic Holdings Inc. grew its stake in T. Rowe Price Floating Rate ETF by 10.5% in the 2nd quarter. Osaic Holdings Inc. now owns 162,649 shares of the company’s stock worth $8,367,000 after buying an additional 15,440 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of T. Rowe Price Floating Rate ETF by 35.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,041 shares of the company’s stock worth $1,339,000 after buying an additional 6,837 shares during the last quarter.

About T. Rowe Price Floating Rate ETF

The T. Rowe Price Floating Rate ETF (TFLR) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on high yield fixed income. TFLR is actively managed to invest in a broad portfolio of USD-denominated floating-rate loans TFLR was launched on Nov 16, 2022 and is managed by T. Rowe Price.