Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG – Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $41.86 and last traded at $41.86, with a volume of 3284 shares traded. The stock had previously closed at $42.07.
T. Rowe Price QM U.S. Bond ETF Price Performance
The stock has a market capitalization of $2.29 billion, a P/E ratio of 34.46 and a beta of 0.25. The company has a fifty day moving average of $42.34 and a two-hundred day moving average of $42.74.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers raised its position in shares of T. Rowe Price QM U.S. Bond ETF by 61.8% during the 1st quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock valued at $3,429,000 after acquiring an additional 30,739 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in T. Rowe Price QM U.S. Bond ETF by 97.1% during the first quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock worth $7,136,000 after purchasing an additional 82,515 shares during the last quarter. Fifth Third Bancorp acquired a new position in T. Rowe Price QM U.S. Bond ETF in the first quarter worth $511,000. Price T Rowe Associates Inc. MD boosted its holdings in T. Rowe Price QM U.S. Bond ETF by 6.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock worth $1,396,982,000 after purchasing an additional 1,842,191 shares during the period. Finally, GeoWealth Management LLC bought a new stake in T. Rowe Price QM U.S. Bond ETF during the fourth quarter valued at $292,000. Institutional investors and hedge funds own 1.86% of the company’s stock.
T. Rowe Price QM U.S. Bond ETF Company Profile
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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