T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 12-Month High – What’s Next?

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) hit a new 52-week high during trading on Thursday . The stock traded as high as $49.07 and last traded at $49.07, with a volume of 3840 shares trading hands. The stock had previously closed at $48.53.

T. Rowe Price Dividend Growth ETF Stock Down 0.3%

The stock’s 50-day moving average price is $47.69 and its 200 day moving average price is $46.38. The company has a market cap of $1.33 billion, a P/E ratio of 24.89 and a beta of 0.79.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in T. Rowe Price Dividend Growth ETF by 2.9% during the 1st quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock worth $339,000 after acquiring an additional 214 shares during the last quarter. WNY Asset Management LLC bought a new stake in T. Rowe Price Dividend Growth ETF during the first quarter valued at about $287,000. Bank of America Corp DE grew its position in shares of T. Rowe Price Dividend Growth ETF by 8.0% in the first quarter. Bank of America Corp DE now owns 2,525,752 shares of the company’s stock valued at $112,724,000 after purchasing an additional 187,252 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of T. Rowe Price Dividend Growth ETF in the first quarter valued at about $4,885,000. Finally, Cetera Investment Advisers increased its stake in shares of T. Rowe Price Dividend Growth ETF by 12.4% in the first quarter. Cetera Investment Advisers now owns 308,853 shares of the company’s stock worth $13,784,000 after purchasing an additional 34,014 shares during the period.

About T. Rowe Price Dividend Growth ETF

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.