T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Hits New 1-Year High – Should You Buy?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $46.23 and last traded at $46.04, with a volume of 31017 shares. The stock had previously closed at $46.04.

T. Rowe Price Dividend Growth ETF Stock Performance

The company’s 50-day moving average price is $45.44 and its 200 day moving average price is $44.23. The stock has a market capitalization of $1.24 billion, a PE ratio of 24.89 and a beta of 0.86.

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 TDVG. Ameritas Advisory Services LLC purchased a new stake in shares of T. Rowe Price Dividend Growth ETF in the 2nd quarter worth about $34,000. Archer Investment Corp grew its holdings in T. Rowe Price Dividend Growth ETF by 192.0% in the fourth quarter. Archer Investment Corp now owns 1,019 shares of the company’s stock worth $46,000 after purchasing an additional 670 shares during the period. International Assets Investment Management LLC purchased a new stake in T. Rowe Price Dividend Growth ETF in the fourth quarter worth about $54,000. N.E.W. Advisory Services LLC bought a new position in shares of T. Rowe Price Dividend Growth ETF during the second quarter valued at approximately $104,000. Finally, Comprehensive Financial Planning Inc. PA increased its stake in shares of T. Rowe Price Dividend Growth ETF by 38.8% during the third quarter. Comprehensive Financial Planning Inc. PA now owns 4,245 shares of the company’s stock valued at $187,000 after purchasing an additional 1,187 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.