T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw an uptick in trading volume on Monday . 41,479 shares were traded during mid-day trading, an increase of 209% from the previous session’s volume of 13,428 shares.The stock last traded at $42.75 and had previously closed at $42.63.

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

The company has a market cap of $526.93 million, a price-to-earnings ratio of 34.66 and a beta of 0.30. The stock has a 50-day moving average price of $42.40 and a 200 day moving average price of $42.54.

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

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 26th were paid a $0.1399 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This is a positive change from T. Rowe Price QM U.S. Bond ETF’s previous dividend of $0.12.

Hedge Funds Weigh In On T. Rowe Price QM U.S. Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 40.7% in the fourth quarter. Farther Finance Advisors LLC now owns 2,940 shares of the company’s stock valued at $123,000 after purchasing an additional 850 shares during the last quarter. Savvy Advisors Inc. increased its stake in T. Rowe Price QM U.S. Bond ETF by 7.4% in the 4th quarter. Savvy Advisors Inc. now owns 11,382 shares of the company’s stock valued at $477,000 after buying an additional 787 shares during the last quarter. IFP Advisors Inc bought a new stake in T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth about $596,000. Jane Street Group LLC grew its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 174.6% in the 4th quarter. Jane Street Group LLC now owns 33,368 shares of the company’s stock valued at $1,397,000 after acquiring an additional 21,217 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth approximately $2,693,000. 1.86% of the stock is owned by institutional investors and hedge funds.

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.