T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Stock Price Down 0.6%

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)’s stock price dropped 0.6% during trading on Wednesday . The stock traded as low as $40.88 and last traded at $41.02. Approximately 10,399 shares changed hands during mid-day trading, an increase of 123% from the average daily volume of 4,655 shares. The stock had previously closed at $41.25.

T. Rowe Price QM U.S. Bond ETF Stock Down 0.6 %

The company has a market cap of $106.65 million, a price-to-earnings ratio of 22.01 and a beta of 0.26. The company’s fifty day moving average price is $40.65 and its two-hundred day moving average price is $41.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the third quarter valued at approximately $423,000. LPL Financial LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the second quarter valued at approximately $384,000. 1900 Wealth Management LLC boosted its holdings in T. Rowe Price QM U.S. Bond ETF by 31.2% during the second quarter. 1900 Wealth Management LLC now owns 595,767 shares of the company’s stock worth $25,368,000 after purchasing an additional 141,646 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in T. Rowe Price QM U.S. Bond ETF by 18.3% during the fourth quarter. Jane Street Group LLC now owns 20,662 shares of the company’s stock worth $870,000 after purchasing an additional 3,191 shares during the last quarter. 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.