Studio Investment Management LLC Trims Holdings in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG)

Studio Investment Management LLC lowered its position in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) by 5.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 25,604 shares of the company’s stock after selling 1,439 shares during the period. Studio Investment Management LLC’s holdings in T. Rowe Price Dividend Growth ETF were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CWM LLC acquired a new stake in T. Rowe Price Dividend Growth ETF during the 2nd quarter valued at approximately $31,000. Allworth Financial LP increased its stake in shares of T. Rowe Price Dividend Growth ETF by 55.5% in the third quarter. Allworth Financial LP now owns 1,424 shares of the company’s stock worth $58,000 after acquiring an additional 508 shares during the period. US Bancorp DE purchased a new position in shares of T. Rowe Price Dividend Growth ETF during the third quarter worth $58,000. Strategic Investment Solutions Inc. IL acquired a new position in T. Rowe Price Dividend Growth ETF during the second quarter valued at $66,000. Finally, Harbour Investments Inc. lifted its position in T. Rowe Price Dividend Growth ETF by 9.7% during the second quarter. Harbour Investments Inc. now owns 3,498 shares of the company’s stock valued at $135,000 after purchasing an additional 308 shares during the period.

T. Rowe Price Dividend Growth ETF Stock Performance

NYSEARCA TDVG opened at $41.14 on Friday. The firm has a market capitalization of $444.31 million, a P/E ratio of 23.97 and a beta of 0.74. The stock has a 50-day simple moving average of $40.75 and a two-hundred day simple moving average of $39.56. T. Rowe Price Dividend Growth ETF has a fifty-two week low of $33.80 and a fifty-two week high of $41.54.

T. Rowe Price Dividend Growth ETF 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.