T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 52-Week High – Still a Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $50.31 and last traded at $50.28, with a volume of 21077 shares trading hands. The stock had previously closed at $49.75.

T. Rowe Price Dividend Growth ETF Trading Down 0.1%

The firm has a market cap of $1.44 billion, a PE ratio of 24.89 and a beta of 0.79. The firm’s 50 day simple moving average is $48.98 and its 200 day simple moving average is $47.21.

Institutional Investors Weigh In On T. Rowe Price Dividend Growth ETF

Several large investors have recently made changes to their positions in TDVG. BIP Wealth LLC purchased a new stake in T. Rowe Price Dividend Growth ETF during the fourth quarter valued at $576,000. Fortis Group Advisors LLC purchased a new position in shares of T. Rowe Price Dividend Growth ETF in the 4th quarter worth $948,000. Rockefeller Capital Management L.P. increased its holdings in shares of T. Rowe Price Dividend Growth ETF by 13.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 399,312 shares of the company’s stock worth $17,957,000 after buying an additional 46,440 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of T. Rowe Price Dividend Growth ETF by 43.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 38,460 shares of the company’s stock worth $1,716,000 after buying an additional 11,586 shares during the last quarter. Finally, Beam Wealth Advisors Inc. purchased a new stake in shares of T. Rowe Price Dividend Growth ETF during the 1st quarter valued at about $477,000.

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.