Fiduciary Planning LLC Significantly Reduces Stake in T. Rowe Price Dividend Growth ETF

Fiduciary Planning LLC has made a substantial decrease in its investment in the T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG), selling 89.9% of its shares during the third quarter. The firm's disclosure with the Securities & Exchange Commission revealed that it now holds only 16,448 shares, following the sale of 145,845 shares. This reduction has left Fiduciary Planning LLC with approximately 0.17% ownership of the ETF, which was valued at $528,000 at the end of the quarter.

Changes in Institutional Investment

The financial landscape has seen several major adjustments among institutional investors concerning TDVG. Commonwealth Equity Services LLC increased its TDVG shares by 2.6%, reaching a total of 303,352 shares valued at around $9.73 million. In a similar trend, JPMorgan Chase & Co. boosted its holdings by 5.6%, owning 258,514 shares worth approximately $8.26 million.

Souders Financial Advisors and Continuum Advisory LLC also expanded their stakes, by 7.1% and 19.4% respectively. Bank of America Corp DE made a notable jump by 185.5% in the first quarter, now holding 163,664 shares. These shifts reflect ongoing strategic adjustments by firms managing investments in TDVG.

TDVG Stock Performance

The T. Rowe Price Dividend Growth ETF stock opened at $34.84 on the reported Monday, showcasing stability in its price. The ETF navigated between a 12-month low of $30.36 and a high of $35.32, evidenced by a market capitalization of $337.95 million. The ETF, which maintains a P/E ratio of 21.04 and a beta of 0.87, had a 50-day moving average price of $34.00 and a 200-day moving average of $33.35.

Understanding T. Rowe Price Dividend Growth ETF

The T. Rowe Price Dividend Growth ETF is tailored to track the Russell 1000 Dividend Growth index, specializing in the investment of large- and mid-cap global companies projected to have long-term sustainable earnings and dividend growth. With $298.89 million in assets under management and 103 holdings, TDVG is an actively managed, non-transparent fund that was launched on August 4, 2020.

Fiduciary, Dividend, ETF