T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Reaches New 12-Month High – Should You Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $49.07 and last traded at $48.47, with a volume of 58863 shares. The stock had previously closed at $48.83.

T. Rowe Price Dividend Growth ETF Stock Performance

The firm has a market capitalization of $1.33 billion, a P/E ratio of 24.89 and a beta of 0.79. The company has a 50-day moving average price of $47.34 and a 200-day moving average price of $46.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in shares of T. Rowe Price Dividend Growth ETF by 2.9% in the 1st quarter. NewEdge Advisors LLC now owns 7,586 shares of the company’s stock worth $339,000 after purchasing an additional 214 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of T. Rowe Price Dividend Growth ETF by 0.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 28,041 shares of the company’s stock worth $1,251,000 after purchasing an additional 217 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in shares of T. Rowe Price Dividend Growth ETF by 1.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 15,709 shares of the company’s stock worth $706,000 after purchasing an additional 276 shares during the last quarter. First Heartland Consultants Inc. boosted its position in shares of T. Rowe Price Dividend Growth ETF by 2.6% in the 3rd quarter. First Heartland Consultants Inc. now owns 11,741 shares of the company’s stock worth $516,000 after purchasing an additional 293 shares during the last quarter. Finally, Beaumont Financial Advisors LLC boosted its position in shares of T. Rowe Price Dividend Growth ETF by 0.8% in the 4th quarter. Beaumont Financial Advisors LLC now owns 44,288 shares of the company’s stock worth $1,992,000 after purchasing an additional 351 shares during the last quarter.

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.