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

Shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) saw unusually-strong trading volume on Monday . Approximately 41,479 shares changed hands during 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 Trading Down 0.0 %

The company has a market capitalization of $526.93 million, a P/E ratio of 34.66 and a beta of 0.30. The business’s fifty day moving average price is $42.40 and its 200 day moving average price is $42.54.

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

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 26th were given a dividend of $0.1399 per share. The ex-dividend date 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 have recently modified their holdings of TAGG. Farther Finance Advisors LLC lifted its stake in 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 buying an additional 850 shares during the period. Savvy Advisors Inc. raised its position in shares of 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 acquiring an additional 787 shares during the period. IFP Advisors Inc bought a new position in T. Rowe Price QM U.S. Bond ETF during the 4th quarter worth approximately $596,000. Jane Street Group LLC grew its holdings in T. Rowe Price QM U.S. Bond ETF by 174.6% during the fourth quarter. Jane Street Group LLC now owns 33,368 shares of the company’s stock valued at $1,397,000 after purchasing an additional 21,217 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new stake in T. Rowe Price QM U.S. Bond ETF in the fourth quarter valued at approximately $2,693,000. 1.86% of the stock is 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.