Wells Fargo & Company MN Acquires 14,168 Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG)

Wells Fargo & Company MN lifted its holdings in shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) by 2,338.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,774 shares of the company’s stock after acquiring an additional 14,168 shares during the quarter. Wells Fargo & Company MN owned approximately 0.14% of T. Rowe Price Dividend Growth ETF worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC bought a new position in shares of T. Rowe Price Dividend Growth ETF during the fourth quarter valued at approximately $34,000. Comprehensive Financial Planning Inc. PA bought a new position in T. Rowe Price Dividend Growth ETF during the 4th quarter valued at approximately $130,000. Wealthcare Capital Partners LLC bought a new position in T. Rowe Price Dividend Growth ETF during the 4th quarter valued at approximately $203,000. Capital Investment Advisory Services LLC raised its stake in T. Rowe Price Dividend Growth ETF by 115.7% during the fourth quarter. Capital Investment Advisory Services LLC now owns 5,803 shares of the company’s stock valued at $230,000 after buying an additional 3,113 shares during the last quarter. Finally, Adirondack Trust Co. boosted its holdings in T. Rowe Price Dividend Growth ETF by 12.8% in the fourth quarter. Adirondack Trust Co. now owns 6,712 shares of the company’s stock worth $266,000 after acquiring an additional 762 shares in the last quarter.

T. Rowe Price Dividend Growth ETF Price Performance

Shares of NYSEARCA:TDVG opened at $40.35 on Friday. The business has a fifty day moving average price of $39.54 and a 200-day moving average price of $40.40. The company has a market capitalization of $786.83 million, a PE ratio of 24.44 and a beta of 0.87. T. Rowe Price Dividend Growth ETF has a 1-year low of $35.39 and a 1-year high of $42.14.

T. Rowe Price Dividend Growth ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1178 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from T. Rowe Price Dividend Growth ETF’s previous dividend of $0.09.

T. Rowe Price Dividend Growth ETF 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.