T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Shares Cross Above 50-Day Moving Average – Time to Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $41.23 and traded as high as $41.30. T. Rowe Price QM U.S. Bond ETF shares last traded at $41.26, with a volume of 101,881 shares trading hands.

T. Rowe Price QM U.S. Bond ETF Stock Performance

The business has a 50-day simple moving average of $41.23 and a two-hundred day simple moving average of $42.29. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 34.46 and a beta of 0.25.

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

A number of institutional investors have recently made changes to their positions in TAGG. Sigma Planning Corp acquired a new position in T. Rowe Price QM U.S. Bond ETF during the third quarter worth $311,000. L.K. Benson & Company P.C. bought a new position in T. Rowe Price QM U.S. Bond ETF in the third quarter valued at $318,000. Envestnet Asset Management Inc. grew its position in T. Rowe Price QM U.S. Bond ETF by 83.2% in the second quarter. Envestnet Asset Management Inc. now owns 105,023 shares of the company’s stock valued at $4,460,000 after purchasing an additional 47,698 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in T. Rowe Price QM U.S. Bond ETF in the second quarter valued at $149,000. Finally, Citadel Advisors LLC increased its stake in T. Rowe Price QM U.S. Bond ETF by 158.9% in the 2nd quarter. Citadel Advisors LLC now owns 55,918 shares of the company’s stock valued at $2,375,000 after buying an additional 34,321 shares during the last quarter. Institutional investors 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.