Sequoia Financial Advisors LLC Sells 17,833 Shares of T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG)

Sequoia Financial Advisors LLC lowered its stake in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) by 2.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 724,560 shares of the company’s stock after selling 17,833 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.07% of T. Rowe Price Dividend Growth ETF worth $29,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TDVG. CWM LLC purchased a new position in T. Rowe Price Dividend Growth ETF during the second quarter valued at approximately $31,000. Centerpoint Advisors LLC bought a new stake in shares of T. Rowe Price Dividend Growth ETF during the 1st quarter valued at $54,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of T. Rowe Price Dividend Growth ETF during the 2nd quarter valued at $66,000. Harbour Investments Inc. boosted its holdings in T. Rowe Price Dividend Growth ETF by 9.7% in the 2nd quarter. Harbour Investments Inc. now owns 3,498 shares of the company’s stock worth $135,000 after buying an additional 308 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI bought a new stake in T. Rowe Price Dividend Growth ETF during the third quarter valued at about $219,000.

T. Rowe Price Dividend Growth ETF Price Performance

Shares of NYSEARCA:TDVG traded down $0.22 during trading on Tuesday, hitting $40.78. 9,268 shares of the company’s stock were exchanged, compared to its average volume of 75,776. The business’s 50-day simple moving average is $40.47 and its 200 day simple moving average is $38.99. The company has a market cap of $440.42 million, a price-to-earnings ratio of 23.97 and a beta of 0.74. T. Rowe Price Dividend Growth ETF has a 52-week low of $30.97 and a 52-week high of $41.50.

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.