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

Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw strong trading volume on Tuesday . 581,954 shares changed hands during trading, an increase of 250% from the previous session’s volume of 166,251 shares.The stock last traded at $42.91 and had previously closed at $42.96.

T. Rowe Price QM U.S. Bond ETF Trading Down 0.1%

The stock has a market cap of $1.86 billion, a P/E ratio of 34.46 and a beta of 0.27. The firm’s fifty day moving average is $42.99 and its 200 day moving average is $43.11.

T. Rowe Price QM U.S. Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 24th were given a $0.1539 dividend. This is an increase from T. Rowe Price QM U.S. Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, February 24th.

Hedge Funds Weigh In On T. Rowe Price QM U.S. Bond ETF

Several large investors have recently made changes to their positions in the business. Cetera Investment Advisers boosted its stake in T. Rowe Price QM U.S. Bond ETF by 27.9% during the 4th quarter. Cetera Investment Advisers now owns 49,748 shares of the company’s stock valued at $2,141,000 after purchasing an additional 10,861 shares during the period. Price T Rowe Associates Inc. MD increased its position in T. Rowe Price QM U.S. Bond ETF by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock worth $1,396,982,000 after buying an additional 1,842,191 shares during the period. GeoWealth Management LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF during the fourth quarter worth approximately $292,000. Osaic Holdings Inc. lifted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 12.7% during the fourth quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock worth $199,000 after buying an additional 521 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 573.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 32,524 shares of the company’s stock valued at $1,400,000 after acquiring an additional 27,694 shares during the period. Institutional investors and hedge funds own 1.86% of the company’s stock.

About T. Rowe Price QM U.S. Bond ETF

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.