T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Trading Down 0.1% – Should You Sell?

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) shares fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $43.44 and last traded at $43.45. 68,007 shares changed hands during trading, a decline of 71% from the average session volume of 231,031 shares. The stock had previously closed at $43.51.

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

The firm’s 50-day moving average price is $43.13 and its 200-day moving average price is $43.12. The stock has a market cap of $1.80 billion, a P/E ratio of 34.46 and a beta of 0.27.

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

The business also recently declared a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Tuesday, January 27th were given a $0.1528 dividend. The ex-dividend date was Tuesday, January 27th. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers grew its position in T. Rowe Price QM U.S. Bond ETF by 27.9% in the 4th quarter. Cetera Investment Advisers now owns 49,748 shares of the company’s stock valued at $2,141,000 after acquiring an additional 10,861 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 6.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,329,744 shares of the company’s stock worth $1,396,982,000 after purchasing an additional 1,842,191 shares during the last quarter. GeoWealth Management LLC purchased a new position in T. Rowe Price QM U.S. Bond ETF in the 4th quarter worth about $292,000. Osaic Holdings Inc. lifted its holdings 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 valued at $199,000 after buying an additional 521 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in T. Rowe Price QM U.S. Bond ETF by 573.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,524 shares of the company’s stock valued at $1,400,000 after buying an additional 27,694 shares during the period. 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. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.