T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Short Interest Down 36.8% in July

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 47,082 shares, a decrease of 36.8% from the July 15th total of 74,469 shares. Based on an average trading volume of 44,447 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the company’s stock are short sold.

T. Rowe Price Dividend Growth ETF Stock Up 0.8%

Shares of T. Rowe Price Dividend Growth ETF stock traded up $0.38 during midday trading on Wednesday, hitting $50.58. The company had a trading volume of 10,433 shares, compared to its average volume of 60,469. The company has a fifty day simple moving average of $49.42 and a 200 day simple moving average of $47.51. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 24.89 and a beta of 0.79. T. Rowe Price Dividend Growth ETF has a 12-month low of $42.82 and a 12-month high of $50.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in shares of T. Rowe Price Dividend Growth ETF by 48.2% in the third quarter. Bank of America Corp DE now owns 2,389,859 shares of the company’s stock valued at $105,058,000 after purchasing an additional 777,580 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in T. Rowe Price Dividend Growth ETF by 10.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 4,141,709 shares of the company’s stock worth $186,253,000 after buying an additional 379,383 shares during the last quarter. Centaurus Financial Inc. acquired a new position in T. Rowe Price Dividend Growth ETF during the first quarter worth $4,885,000. Northwestern Mutual Wealth Management Co. grew its holdings in T. Rowe Price Dividend Growth ETF by 6.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,514,610 shares of the company’s stock valued at $68,112,000 after buying an additional 87,489 shares in the last quarter. Finally, Sandy Cove Advisors LLC grew its holdings in T. Rowe Price Dividend Growth ETF by 349.2% in the 2nd quarter. Sandy Cove Advisors LLC now owns 87,200 shares of the company’s stock valued at $4,275,000 after buying an additional 67,786 shares in the last quarter.

T. Rowe Price Dividend Growth ETF Company Profile

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.