DAVENPORT & Co LLC Acquires Shares of 27,976 T. Rowe Price QM U.S. Bond ETF $TAGG

DAVENPORT & Co LLC bought a new position in shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,976 shares of the company’s stock, valued at approximately $1,204,000. DAVENPORT & Co LLC owned 0.08% of T. Rowe Price QM U.S. Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Towerpoint Wealth LLC boosted its position in shares of T. Rowe Price QM U.S. Bond ETF by 54.3% during the third quarter. Towerpoint Wealth LLC now owns 267,214 shares of the company’s stock valued at $11,506,000 after purchasing an additional 94,089 shares in the last quarter. D.A. Davidson & CO. raised its holdings in T. Rowe Price QM U.S. Bond ETF by 16.8% in the third quarter. D.A. Davidson & CO. now owns 31,737 shares of the company’s stock worth $1,367,000 after purchasing an additional 4,575 shares in the last quarter. Cetera Investment Advisers raised its holdings in T. Rowe Price QM U.S. Bond ETF by 154.2% in the second quarter. Cetera Investment Advisers now owns 30,120 shares of the company’s stock worth $1,285,000 after purchasing an additional 18,270 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in T. Rowe Price QM U.S. Bond ETF during the second quarter valued at $1,277,000. Finally, Envestnet Asset Management Inc. lifted its position in T. Rowe Price QM U.S. Bond ETF by 75.9% during the third quarter. Envestnet Asset Management Inc. now owns 28,674 shares of the company’s stock valued at $1,235,000 after buying an additional 12,376 shares during the period. Institutional investors own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Trading Down 0.0%

Shares of TAGG stock opened at $42.29 on Monday. The company’s fifty day moving average price is $43.10 and its 200-day moving average price is $43.17. The stock has a market cap of $1.76 billion, a PE ratio of 34.46 and a beta of 0.27. T. Rowe Price QM U.S. Bond ETF has a 12 month low of $41.82 and a 12 month high of $44.66.

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

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 24th were paid a dividend of $0.1539 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This is an increase 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 4.4%.

T. Rowe Price QM U.S. Bond ETF Company 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. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.