Envestnet Asset Management Inc. Makes New $507,000 Investment in T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)

Envestnet Asset Management Inc. bought a new position in T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,850 shares of the company’s stock, valued at approximately $507,000.

Several other large investors have also recently added to or reduced their stakes in TAGG. Jane Street Group LLC boosted its position 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 worth $1,397,000 after buying an additional 21,217 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF during the fourth quarter worth approximately $2,693,000. Towerpoint Wealth LLC acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF during the first quarter worth approximately $1,562,000. Finally, Savvy Advisors Inc. increased its holdings in shares of 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 purchasing an additional 787 shares during the period. 1.86% of the stock is owned by institutional investors and hedge funds.

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

Shares of NYSEARCA TAGG opened at $42.80 on Wednesday. T. Rowe Price QM U.S. Bond ETF has a fifty-two week low of $41.41 and a fifty-two week high of $44.66. The firm’s 50-day simple moving average is $42.41 and its 200 day simple moving average is $42.39. The stock has a market cap of $1.41 billion, a P/E ratio of 34.46 and a beta of 0.26.

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

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.