T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Large Volume Increase – Here’s Why

Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw unusually-strong trading volume on Friday . Approximately 76,983 shares changed hands during trading, an increase of 90% from the previous session’s volume of 40,533 shares.The stock last traded at $42.38 and had previously closed at $42.69.

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

The company’s 50 day moving average price is $42.59 and its 200-day moving average price is $42.36. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 34.56 and a beta of 0.29.

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

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 26th were given a $0.1399 dividend. This is a positive change from T. Rowe Price QM U.S. Bond ETF’s previous dividend of $0.12. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On T. Rowe Price QM U.S. Bond ETF

Several large investors have recently modified their holdings of TAGG. Farther Finance Advisors LLC lifted its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 40.7% during the fourth quarter. Farther Finance Advisors LLC now owns 2,940 shares of the company’s stock valued at $123,000 after purchasing an additional 850 shares during the last quarter. Savvy Advisors Inc. lifted its stake in T. Rowe Price QM U.S. Bond ETF by 7.4% during the fourth quarter. Savvy Advisors Inc. now owns 11,382 shares of the company’s stock valued at $477,000 after buying an additional 787 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the first quarter worth about $507,000. IFP Advisors Inc purchased a new position in shares of T. Rowe Price QM U.S. Bond ETF in the fourth quarter worth approximately $596,000. Finally, Jane Street Group LLC raised its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 174.6% during the fourth quarter. Jane Street Group LLC now owns 33,368 shares of the company’s stock valued at $1,397,000 after acquiring an additional 21,217 shares during the period. 1.86% of the stock is owned by institutional investors.

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.