T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Stock Price Up 0.1% – What’s Next?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) shares traded up 0.1% during trading on Wednesday . The stock traded as high as $43.24 and last traded at $43.17. 129,995 shares were traded during trading, an increase of 42% from the average session volume of 91,232 shares. The stock had previously closed at $43.12.

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

The firm has a fifty day moving average price of $42.96 and a 200 day moving average price of $42.59. The stock has a market cap of $1.45 billion, a PE ratio of 34.46 and a beta of 0.26.

Institutional Trading of T. Rowe Price QM U.S. Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in TAGG. Envestnet Asset Management Inc. purchased a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 1st quarter valued at $507,000. Cetera Investment Advisers acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 1st quarter valued at $507,000. Price T Rowe Associates Inc. MD increased its position in shares of T. Rowe Price QM U.S. Bond ETF by 24,840.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,037,888 shares of the company’s stock valued at $686,402,000 after acquiring an additional 15,973,584 shares during the period. Towerpoint Wealth LLC increased its position in shares of T. Rowe Price QM U.S. Bond ETF by 374.4% in the 2nd quarter. Towerpoint Wealth LLC now owns 173,125 shares of the company’s stock valued at $7,388,000 after acquiring an additional 136,632 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF in the 2nd quarter valued at $1,159,000. Hedge funds and other institutional investors 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.