Envestnet Asset Management Inc. Sells 173,627 Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG)

Envestnet Asset Management Inc. lessened its holdings in shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) by 38.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 272,267 shares of the company’s stock after selling 173,627 shares during the period. Envestnet Asset Management Inc. owned 2.52% of T. Rowe Price Dividend Growth ETF worth $10,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. boosted its stake in T. Rowe Price Dividend Growth ETF by 4.1% during the fourth quarter. Principal Securities Inc. now owns 6,966 shares of the company’s stock worth $276,000 after acquiring an additional 277 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of T. Rowe Price Dividend Growth ETF by 2.3% during the fourth quarter. Perigon Wealth Management LLC now owns 19,176 shares of the company’s stock valued at $775,000 after purchasing an additional 428 shares during the last quarter. Adirondack Trust Co. boosted its position in shares of T. Rowe Price Dividend Growth ETF by 12.8% in the 4th quarter. Adirondack Trust Co. now owns 6,712 shares of the company’s stock worth $266,000 after purchasing an additional 762 shares in the last quarter. Equita Financial Network Inc. grew its stake in shares of T. Rowe Price Dividend Growth ETF by 4.9% in the 4th quarter. Equita Financial Network Inc. now owns 17,430 shares of the company’s stock worth $690,000 after buying an additional 821 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in shares of T. Rowe Price Dividend Growth ETF in the 4th quarter worth approximately $34,000.

T. Rowe Price Dividend Growth ETF Trading Up 0.1 %

Shares of NYSEARCA:TDVG opened at $38.22 on Friday. The stock has a fifty day simple moving average of $40.12 and a two-hundred day simple moving average of $40.52. T. Rowe Price Dividend Growth ETF has a 12-month low of $35.39 and a 12-month high of $42.14. The stock has a market capitalization of $745.29 million, a price-to-earnings ratio of 24.44 and a beta of 0.87.

T. Rowe Price Dividend Growth ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.1178 dividend. The ex-dividend date was Thursday, March 27th. This is a positive change from T. Rowe Price Dividend Growth ETF’s previous dividend of $0.09.

About T. Rowe Price Dividend Growth ETF

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.