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

Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) hit a new 52-week high on Tuesday . The stock traded as high as $50.85 and last traded at $50.85, with a volume of 2527 shares traded. The stock had previously closed at $50.60.

T. Rowe Price Dividend Growth ETF Stock Up 0.3%

The stock has a market capitalization of $1.45 billion, a P/E ratio of 24.89 and a beta of 0.79. The stock’s 50 day moving average price is $49.14 and its 200-day moving average price is $47.31.

Hedge Funds Weigh In On T. Rowe Price Dividend Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fortis Group Advisors LLC bought a new stake in shares of T. Rowe Price Dividend Growth ETF in the 4th quarter valued at about $948,000. Janney Montgomery Scott LLC raised its stake in shares of T. Rowe Price Dividend Growth ETF by 43.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 38,460 shares of the company’s stock worth $1,716,000 after acquiring an additional 11,586 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in T. Rowe Price Dividend Growth ETF by 13.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 399,312 shares of the company’s stock valued at $17,957,000 after acquiring an additional 46,440 shares during the last quarter. Beam Wealth Advisors Inc. purchased a new stake in T. Rowe Price Dividend Growth ETF during the first quarter valued at approximately $477,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in T. Rowe Price Dividend Growth ETF by 6.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,514,610 shares of the company’s stock valued at $68,112,000 after acquiring an additional 87,489 shares in the last quarter.

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.