T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sees Large Volume Increase – What’s Next?

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw unusually-high trading volume on Monday. Approximately 152,077 shares were traded during trading, an increase of 118% from the average daily volume of 69,743 shares. The stock last traded at $50.8740 and had previously closed at $49.92.

T. Rowe Price Dividend Growth ETF Stock Up 0.6%

The company has a 50-day moving average price of $49.58 and a two-hundred day moving average price of $48.11. The stock has a market capitalization of $1.36 billion, a P/E ratio of 24.89 and a beta of 0.77.

Institutional Trading of T. Rowe Price Dividend Growth ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in shares of T. Rowe Price Dividend Growth ETF by 3.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,396,076 shares of the company’s stock valued at $215,540,000 after purchasing an additional 161,288 shares in the last quarter. Bank of America Corp DE boosted its stake in T. Rowe Price Dividend Growth ETF by 8.0% during the first quarter. Bank of America Corp DE now owns 2,525,752 shares of the company’s stock valued at $112,724,000 after buying an additional 187,252 shares during the period. Commonwealth Equity Services LLC bought a new stake in T. Rowe Price Dividend Growth ETF during the third quarter valued at $22,349,000. Confluence Wealth Services Inc. purchased a new position in T. Rowe Price Dividend Growth ETF during the third quarter worth about $19,454,000. Finally, Yarger Wealth Strategies LLC grew its position in T. Rowe Price Dividend Growth ETF by 1.1% during the second quarter. Yarger Wealth Strategies LLC now owns 395,595 shares of the company’s stock worth $19,590,000 after buying an additional 4,375 shares in the last quarter.

T. Rowe Price Dividend Growth ETF Company Profile

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.