T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Strong Trading Volume – What’s Next?

Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGGGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 4,893,898 shares traded hands during mid-day trading, an increase of 729% from the previous session’s volume of 590,678 shares.The stock last traded at $43.25 and had previously closed at $43.16.

T. Rowe Price QM U.S. Bond ETF Trading Up 0.2%

The stock has a 50 day moving average of $43.14 and a 200-day moving average of $43.00. The company has a market capitalization of $1.56 billion, a P/E ratio of 34.46 and a beta of 0.27.

Institutional Trading of T. Rowe Price QM U.S. Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF during the 3rd quarter valued at $25,000. Jones Financial Companies Lllp raised its holdings in T. Rowe Price QM U.S. Bond ETF by 494.2% during the third quarter. Jones Financial Companies Lllp now owns 1,016 shares of the company’s stock valued at $44,000 after acquiring an additional 845 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF in the second quarter valued at about $131,000. Steward Partners Investment Advisory LLC bought a new position in shares of T. Rowe Price QM U.S. Bond ETF in the second quarter worth about $144,000. Finally, Rothschild Investment LLC purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the second quarter worth about $203,000. 1.86% of the stock is currently owned by institutional investors.

T. Rowe Price QM U.S. Bond ETF Company Profile

(Get Free Report)

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.

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