N.E.W. Advisory Services LLC Invests $1.75 Million in T. Rowe Price Floating Rate ETF $TFLR

N.E.W. Advisory Services LLC bought a new position in shares of T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) in the fourth quarter, HoldingsChannel reports. The firm bought 34,070 shares of the company’s stock, valued at approximately $1,751,000.

A number of other large investors have also modified their holdings of TFLR. Clear Investment Research LLC purchased a new position in shares of T. Rowe Price Floating Rate ETF during the 3rd quarter worth approximately $34,000. Fifth Third Bancorp purchased a new position in shares of T. Rowe Price Floating Rate ETF during the 3rd quarter worth approximately $111,000. EverSource Wealth Advisors LLC purchased a new position in shares of T. Rowe Price Floating Rate ETF during the 2nd quarter worth approximately $122,000. Formidable Asset Management LLC purchased a new position in shares of T. Rowe Price Floating Rate ETF during the 4th quarter worth approximately $242,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of T. Rowe Price Floating Rate ETF during the 3rd quarter worth approximately $273,000.

T. Rowe Price Floating Rate ETF Price Performance

Shares of TFLR stock opened at $50.96 on Friday. The stock has a 50 day simple moving average of $50.61 and a 200-day simple moving average of $51.13. T. Rowe Price Floating Rate ETF has a 12-month low of $49.77 and a 12-month high of $51.90.

T. Rowe Price Floating Rate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.2552 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, February 24th.

About T. Rowe Price Floating Rate ETF

The T. Rowe Price Floating Rate ETF (TFLR) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on high yield fixed income. TFLR is actively managed to invest in a broad portfolio of USD-denominated floating-rate loans TFLR was launched on Nov 16, 2022 and is managed by T. Rowe Price.