LPL Financial LLC Increases Position in T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR)

LPL Financial LLC lifted its holdings in T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) by 56.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,586 shares of the company’s stock after buying an additional 4,549 shares during the quarter. LPL Financial LLC’s holdings in T. Rowe Price Floating Rate ETF were worth $651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Centurion Wealth Management LLC increased its stake in T. Rowe Price Floating Rate ETF by 26.8% in the fourth quarter. Centurion Wealth Management LLC now owns 5,164 shares of the company’s stock worth $267,000 after purchasing an additional 1,092 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of T. Rowe Price Floating Rate ETF by 43.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 26,767 shares of the company’s stock worth $1,384,000 after purchasing an additional 8,057 shares during the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of T. Rowe Price Floating Rate ETF in the fourth quarter worth about $708,000. Dahring Cusmano LLC purchased a new position in T. Rowe Price Floating Rate ETF in the 4th quarter worth about $482,000. Finally, Allworth Financial LP bought a new stake in T. Rowe Price Floating Rate ETF during the 4th quarter valued at about $286,000.

T. Rowe Price Floating Rate ETF Stock Performance

Shares of TFLR stock opened at $50.86 on Thursday. The company’s 50-day simple moving average is $51.03 and its two-hundred day simple moving average is $51.54. T. Rowe Price Floating Rate ETF has a one year low of $48.65 and a one year high of $52.40.

T. Rowe Price Floating Rate ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 26th were issued a $0.3128 dividend. This is a positive change from T. Rowe Price Floating Rate ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Wednesday, March 26th.

T. Rowe Price Floating Rate ETF Company Profile

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.