T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Stock Price Down 0.1% – Here’s Why

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG)’s stock price was down 0.1% on Tuesday . The company traded as low as $42.72 and last traded at $42.72. Approximately 1,090 shares were traded during trading, a decline of 37% from the average daily volume of 1,740 shares. The stock had previously closed at $42.77.

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

The business has a fifty day moving average of $42.81 and a 200-day moving average of $42.77. The company has a market capitalization of $91.84 million, a P/E ratio of 1.87 and a beta of 0.14.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in T. Rowe Price QM U.S. Bond ETF stock. Farther Finance Advisors LLC increased its holdings in T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) by 23.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,090 shares of the company’s stock after acquiring an additional 400 shares during the period. Farther Finance Advisors LLC owned about 0.10% of T. Rowe Price QM U.S. Bond ETF worth $91,000 at the end of the most recent quarter. 1.86% of the stock is currently owned by institutional investors.

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.