T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Large Drop in Short Interest

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 111,007 shares, a drop of 23.6% from the February 12th total of 145,264 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 67,003 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 67,003 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On T. Rowe Price Dividend Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in T. Rowe Price Dividend Growth ETF by 21.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 334,587 shares of the company’s stock worth $14,625,000 after purchasing an additional 60,083 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in T. Rowe Price Dividend Growth ETF by 18.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,363,925 shares of the company’s stock valued at $57,803,000 after buying an additional 217,053 shares in the last quarter. Yarger Wealth Strategies LLC boosted its position in T. Rowe Price Dividend Growth ETF by 22.5% during the 3rd quarter. Yarger Wealth Strategies LLC now owns 389,942 shares of the company’s stock worth $17,142,000 after purchasing an additional 71,614 shares during the period. Cetera Investment Advisers boosted its position in shares of T. Rowe Price Dividend Growth ETF by 14.3% in the second quarter. Cetera Investment Advisers now owns 154,336 shares of the company’s stock worth $6,541,000 after buying an additional 19,307 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in T. Rowe Price Dividend Growth ETF by 4.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 354,726 shares of the company’s stock worth $15,033,000 after acquiring an additional 15,060 shares during the period.

T. Rowe Price Dividend Growth ETF Stock Performance

T. Rowe Price Dividend Growth ETF stock traded down $0.15 during midday trading on Friday, reaching $44.81. The stock had a trading volume of 41,164 shares, compared to its average volume of 70,089. The stock’s 50-day simple moving average is $46.19 and its 200 day simple moving average is $44.92. T. Rowe Price Dividend Growth ETF has a twelve month low of $35.39 and a twelve month high of $47.45. The stock has a market capitalization of $1.21 billion, a PE ratio of 24.89 and a beta of 0.86.

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.