T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Hits New 1-Year Low – Should You Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) shares reached a new 52-week low during trading on Friday . The stock traded as low as $41.73 and last traded at $41.73, with a volume of 1134 shares trading hands. The stock had previously closed at $41.86.

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

The stock has a 50 day moving average of $42.30 and a two-hundred day moving average of $42.70. The stock has a market capitalization of $2.32 billion, a PE ratio of 34.46 and a beta of 0.25.

Hedge Funds Weigh In On T. Rowe Price QM U.S. Bond ETF

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in T. Rowe Price QM U.S. Bond ETF during the second quarter worth about $131,000. Farther Finance Advisors LLC increased its holdings in T. Rowe Price QM U.S. Bond ETF by 54.4% in the fourth quarter. Farther Finance Advisors LLC now owns 4,540 shares of the company’s stock valued at $195,000 after buying an additional 1,600 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of T. Rowe Price QM U.S. Bond ETF by 12.7% during the 4th quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock valued at $199,000 after acquiring an additional 521 shares during the period. COFG Advisors LLC acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 4th quarter valued at approximately $280,000. Finally, GeoWealth Management LLC purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth approximately $292,000. 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.