T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Shares Down 0.4% – Should You Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)’s share price traded down 0.4% during trading on Tuesday . The stock traded as low as $42.49 and last traded at $42.53. 143,836 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 162,868 shares. The stock had previously closed at $42.69.

T. Rowe Price QM U.S. Bond ETF Price Performance

The firm has a fifty day simple moving average of $43.14 and a two-hundred day simple moving average of $43.18. The firm has a market capitalization of $1.77 billion, a P/E ratio of 34.46 and a beta of 0.27.

T. Rowe Price QM U.S. Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.1539 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, February 24th. This is a positive change from T. Rowe Price QM U.S. Bond ETF’s previous monthly dividend of $0.15.

Institutional Investors Weigh In On T. Rowe Price QM U.S. Bond ETF

Several large investors have recently added to or reduced their stakes in TAGG. Flow Traders U.S. LLC purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF in the second quarter worth about $1,277,000. Rothschild Investment LLC lifted its stake in shares of T. Rowe Price QM U.S. Bond ETF by 255.3% during the 3rd quarter. Rothschild Investment LLC now owns 16,875 shares of the company’s stock valued at $727,000 after buying an additional 12,125 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of T. Rowe Price QM U.S. Bond ETF by 154.2% during the 2nd quarter. Cetera Investment Advisers now owns 30,120 shares of the company’s stock valued at $1,285,000 after buying an additional 18,270 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in T. Rowe Price QM U.S. Bond ETF by 75.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 28,674 shares of the company’s stock worth $1,235,000 after buying an additional 12,376 shares during the period. Finally, Towerpoint Wealth LLC grew its stake in T. Rowe Price QM U.S. Bond ETF by 54.3% in the 3rd quarter. Towerpoint Wealth LLC now owns 267,214 shares of the company’s stock valued at $11,506,000 after buying an additional 94,089 shares in the last quarter. Hedge funds and other institutional investors own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Company Profile

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.