T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Large Volume Increase – Here’s What Happened

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) shares saw unusually-high trading volume on Monday . Approximately 44,840 shares changed hands during trading, an increase of 198% from the previous session’s volume of 15,057 shares.The stock last traded at $42.99 and had previously closed at $43.18.

T. Rowe Price QM U.S. Bond ETF Stock Up 0.1 %

The stock has a market cap of $521.40 million, a PE ratio of 34.66 and a beta of 0.30. The firm has a fifty day moving average of $42.52 and a 200 day moving average of $42.49.

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

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders 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

Several hedge funds have recently added to or reduced their stakes in TAGG. Farther Finance Advisors LLC lifted its position in shares of T. Rowe Price QM U.S. Bond ETF by 40.7% during the 4th quarter. Farther Finance Advisors LLC now owns 2,940 shares of the company’s stock worth $123,000 after buying an additional 850 shares during the last quarter. Savvy Advisors Inc. boosted its stake in T. Rowe Price QM U.S. Bond ETF by 7.4% in the fourth quarter. Savvy Advisors Inc. now owns 11,382 shares of the company’s stock valued at $477,000 after acquiring an additional 787 shares in the last quarter. IFP Advisors Inc acquired a new position in T. Rowe Price QM U.S. Bond ETF in the fourth quarter valued at $596,000. Jane Street Group LLC grew its holdings in shares of 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 worth $1,397,000 after purchasing an additional 21,217 shares during the last quarter. Finally, Towerpoint Wealth LLC acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the first quarter worth about $1,562,000. 1.86% of the stock is currently owned by hedge funds and other 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.