T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Shares Down 0.1% – Time to Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) fell 0.1% on Monday . The company traded as low as $42.95 and last traded at $42.96. 124,516 shares changed hands during trading, a decline of 22% from the average session volume of 160,650 shares. The stock had previously closed at $42.99.

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

The company has a market cap of $1.86 billion, a price-to-earnings ratio of 34.46 and a beta of 0.27. The firm’s fifty day moving average price is $43.01 and its 200-day moving average price is $43.12.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 24th were issued a dividend of $0.1539 per share. This is a boost from T. Rowe Price QM U.S. Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, February 24th.

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

Several large investors have recently modified their holdings of the business. Root Financial Partners LLC acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the third quarter worth about $25,000. Jones Financial Companies Lllp grew its position in shares of T. Rowe Price QM U.S. Bond ETF by 494.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,016 shares of the company’s stock valued at $44,000 after purchasing an additional 845 shares during the period. JPMorgan Chase & Co. bought a new stake in T. Rowe Price QM U.S. Bond ETF during the 2nd quarter worth approximately $131,000. Farther Finance Advisors LLC increased its stake in T. Rowe Price QM U.S. Bond ETF by 54.4% during the 4th quarter. Farther Finance Advisors LLC now owns 4,540 shares of the company’s stock worth $195,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in T. Rowe Price QM U.S. Bond ETF by 12.7% during the 4th quarter. Osaic Holdings Inc. now owns 4,620 shares of the company’s stock worth $199,000 after purchasing an additional 521 shares in the last quarter. 1.86% of the stock is currently 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. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.