T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Trading 0.1% Higher – Here’s Why

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was up 0.1% during trading on Tuesday . The company traded as high as $41.73 and last traded at $41.70. Approximately 3,650 shares were traded during trading, an increase of 105% from the average daily volume of 1,782 shares. The stock had previously closed at $41.67.

T. Rowe Price QM U.S. Bond ETF Price Performance

The stock has a market cap of $89.66 million, a P/E ratio of 1.87 and a beta of 0.14. The company has a fifty day moving average of $42.51 and a 200 day moving average of $42.83.

Institutional Inflows and Outflows

An institutional investor recently raised its position in T. Rowe Price QM U.S. Bond ETF stock. 1900 Wealth Management LLC increased its holdings in shares of T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) by 20.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,984 shares of the company’s stock after buying an additional 5,150 shares during the quarter. 1900 Wealth Management LLC owned 1.39% of T. Rowe Price QM U.S. Bond ETF worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission. 1.86% of the stock is owned by institutional investors and hedge funds.

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.