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

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

TAGG — —
Key stats
About

T. Rowe Price QM U.S. Bond ETF (TAGG) ETF

No description available.

Exchange
ARCX
Inception
2021-09-28
Has Options
No
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
Taxable Bond Core Bond#22 of 112 by assets T. Rowe Price Actively managed
Expense ratio
0.08%
prospectus, filed Dec 22, 2025
Assets
$2.3B
SEC filing, Jul 31, 2026
Trailing yield
4.64%
paid monthly
Average daily volume
$7.8M
30 sessions
Holdings
1,821
top 10 are 16.0%
Listed
Sep 28, 2021
NYSE Arca
Closure risk, 12 months
0.4%
low · model
FrenzyCap ETF score
83
how it is built
Cost84
Liquidity63
Scale88
Diversification100

Moves with. Long Treasuries (51% of its variance, beta 0.26); High yield over Treasuries (12% of its variance, beta -0.24); US large-cap stocks (7% of its variance, beta 0.07); Developed markets ex-US over US (3% of its variance, beta 0.05). These factors explain 75% of its daily moves over the last year.

Stated objective. The fund seeks to provide a total return that exceeds the performance of the U.S. investment-grade bond market. (from the fund's prospectus)

All 1,821 holdingsFlow historyOverlap toolAll Core Bond ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
+$66M
latest reported month
Latest 3 months
+$475M
+20.5% of assets
Latest 12 months
+$952M
+41.1% of assets
Aug 2025: +$22MSep 2025: −$17MSepOct 2025: +$90MNov 2025: +$37MNovDec 2025: −$28M−$28MJan 2026: +$251MJanFeb 2026: +$52MMar 2026: +$44MMarApr 2026: +$27MMay 2026: +$27MMayJun 2026: +$382M+$382MJul 2026: +$66MJul
View as a table
Net flows of TAGG by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026+$66M
Jun 2026+$382M
May 2026+$27M
Apr 2026+$27M
Mar 2026+$44M
Feb 2026+$52M
Jan 2026+$251M
Dec 2025−$28M
Nov 2025+$37M
Oct 2025+$90M
Sep 2025−$17M
Aug 2025+$22M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 59 months ago

Similar funds
FundOverlapFeeAssets1Y
BNDVanguard Total Bond Market—0.03%$162.8B−5.5%compare
AGGiShares Core U.S. Aggregate Bond ETF—0.03%$138.4B−5.6%compare
IUSBiShares Trust iShares Core Universal USD Bond ETF—0.06%$49.3B−5.5%compare
BIVVanguard Intermediate-Term Bond ETF—0.03%$28.3B−6.6%compare
FBNDFidelity Total Bond ETF—0.36%$28.1B−6.2%compare

The largest other funds in the Core Bond category.

Under the hood
fiscal year to Oct 31, 2025SEC census
Authorized participants
7 active
of 19 with agreements; top 3 did 95%
Created · redeemed
$1.5B · $54M
over the fiscal year
Redemptions in kind
0%
creations 0% in kind
Creation unit
25,000
shares
Securities lending
0.46%
of assets on loan on average; earned 0.2 bp

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-07-31
Holdings
1821
AUM
$2.4B
Provider
Nport
Inception
2021-09-28
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
0.08%
Dividend Yield
4.64%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-25 2026-09-29 $0.1599 CD
2026-08-26 2026-08-28 $0.1608 CD
2026-07-28 2026-07-30 $0.1619 CD
2026-06-25 2026-06-29 $0.1378 CD
2026-05-26 2026-05-28 $0.1626 CD
2026-04-27 2026-04-29 $0.1592 CD
Asset Allocation
Top Holdings
top 50 of 1821 holdings
Symbol Name Weight % Asset Class Country
— T. Rowe Price Government Reserve Fund 6.62% Short-term investment US
— US TREASURY N/B 2.12% Debt US
— US TREASURY N/B 1.92% Debt US
— US TREASURY N/B 1.76% Debt US
— US TREASURY N/B 1.70% Debt US
— US TREASURY N/B 1.65% Debt US
— US TREASURY N/B 1.60% Debt US
— US TREASURY N/B 1.57% Debt US
— US TREASURY N/B 1.35% Debt US
— US TREASURY N/B 1.26% Debt US
— US TREASURY N/B 1.07% Debt US
— US TREASURY N/B 1.07% Debt US
— US TREASURY N/B 1.03% Debt US
— US TREASURY N/B 0.94% Debt US
— US TREASURY N/B 0.91% Debt US
— US TREASURY N/B 0.77% Debt US
— FNMA 30 YR TBA AUG 0.76% Mortgage-backed US
— US TREASURY N/B 0.70% Debt US
— FNMA 30 YR TBA AUG 0.66% Mortgage-backed US
— US TREASURY N/B 0.66% Debt US
— FNMA 30 YR TBA AUG 0.60% Mortgage-backed US
— FNMA 30 YR TBA AUG 0.59% Mortgage-backed US
— US TREASURY N/B 0.59% Debt US
— US TREASURY N/B 0.59% Debt US
— FNMA 30 YR 0.56% Mortgage-backed US
— US TREASURY N/B 0.55% Debt US
— US TREASURY N/B 0.53% Debt US
— US TREASURY N/B 0.49% Debt US
— US TREASURY N/B 0.46% Debt US
— US TREASURY N/B 0.45% Debt US
— FNMA 30 YR 0.44% Mortgage-backed US
— FNMA 30 YR 0.44% Mortgage-backed US
— GNMA II TBA AUG 0.44% Mortgage-backed US
— NYC 2026-9W57 A 144A 0.43% Mortgage-backed US
— GNMA II TBA AUG 0.42% Mortgage-backed US
— US TREASURY N/B 0.41% Debt US
— US TREASURY N/B 0.40% Debt US
— FNMA 30 YR TBA AUG 0.38% Mortgage-backed US
— US TREASURY N/B 0.38% Debt US
— FNMA 30 YR TBA AUG 0.37% Mortgage-backed US
— GNMA II TBA AUG 0.36% Mortgage-backed US
— FNMA 15YR 0.35% Mortgage-backed US
— US TREASURY N/B 0.35% Debt US
— US TREASURY N/B 0.34% Debt US
— US TREASURY N/B 0.33% Debt US
— GNMA LL 30 YR 0.32% Mortgage-backed US
— FNMA 30 YR 0.32% Mortgage-backed US
— FNMA 30 YR TBA AUG 0.31% Mortgage-backed US
— FNMA 30 YR 0.31% Mortgage-backed US
— FNMA 30 YR 0.31% Mortgage-backed US
Non-Equity Breakdown
T. Rowe Price QM U.S. Bond ETF · NPORT-P period 2026-07-31 (filed 2026-09-25)
Net assets: $2.32B · 1821 total positions · equity 0.00% · non-equity 105.68%
Non-equity holdings — 1821 positions, 105.68% of NAV
Category Weight Value Positions
Corporate 30.39% $703.8M 1047
US Treasury 30.28% $701.2M 64
Mortgage-backed (US Govt-Sponsored Entity) 20.97% $485.6M 343
Short-term investment 6.89% $159.5M 2
Mortgage-backed (US Govt Agency) 4.59% $106.4M 70
Mortgage-backed (Corporate) 4.41% $102.1M 96
ABS-O 3.93% $90.9M 123
CBO/CDO (Corporate) 2.14% $49.6M 24
Non-US Sovereign 1.21% $28.0M 17
Municipal 0.79% $18.2M 29
Derivative (credit) 0.13% $2.9M 2
Derivative (interest rate) -0.04% $-863472 4
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan---1.47%3.05%0.00%0.14%-0.11%0.32%
Feb---1.11%-3.14%-2.22%1.89%1.73%-0.57%
Mar---3.57%2.73%0.08%-0.23%-1.75%-0.55%
Apr---3.66%-0.08%-2.08%-0.37%-0.39%-1.32%
May--0.89%-0.28%0.79%-0.86%-0.26%0.06%
Jun---1.50%-1.09%0.09%1.37%0.20%-0.19%
Jul--1.35%-0.31%2.69%-0.63%-1.53%0.31%
Aug---3.56%0.02%0.68%0.00%-0.14%-0.60%
Sep0.03%-4.14%-2.53%0.61%1.01%-2.58%-1.27%
Oct-0.38%-2.64%-1.61%-3.14%0.02%0.89%*-1.14%
Nov0.22%3.19%3.59%1.16%0.36%--1.70%
Dec-0.52%-1.94%2.48%-2.09%-0.09%---0.43%
Total-0.65%-16.97%2.58%-3.54%2.60%-3.94%-3.32%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $40.70
SMA 50: $41.27
SMA 200: $42.31
Current: $40.95
EMA 12: $40.84
EMA 26: $40.92
MACD: -0.0855 | Signal: 0.0782
BEARISH
ADX (14): 23.99
WEAK TREND
+DI: 24.67
−DI: 23.40

Momentum Oscillators

RSI (14): 50.84
NEUTRAL
Stoch %K: 70.93
Stoch %D: 73.06
Williams %R: -24.42

Volume & Volatility

BB Upper: $41.05
BB Lower: $40.35
NEUTRAL
OBV: 11,557,319
Vol SMA 20: 247,384
Vol ROC: 111.47%
ATR: $0.19
True Range: $0.13
HV 20: 4.2%
HV 30: 5.0%
HV 60: 4.4%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report: TAGG

Executive Summary:

Overall assessment: NEUTRAL (confidence level: 6)

Key drivers and primary risks:

  • Technical indicators suggest a range-bound market with no clear direction
  • Low volatility indicates reduced risk, but lack of recent news may hinder price movement
  • Earnings data unavailable

Recent news sentiment impact: No recent news headlines available, making it challenging to assess sentiment

Technical Analysis:

Trend Direction: RANGE-BOUND (short-term), NEUTRAL (medium-term), BEARISH (long-term)

Support/Resistance Levels: SMA 20 ($41.92) and Bollinger Bands (Upper $42.07, Middle $41.92, Lower $41.76)

Momentum Signals:

  • RSI interpretation: Neutral (43.08)
  • MACD signal: Bearish (-0.07 / -0.09 Histogram)
  • Bollinger Bands position: Neutral

Volume Analysis: Volume SMA 20: 349673.94; On-Balance Volume (OBV): 12467976.76; Volume Rate of Change: -82.42%

News & Sentiment Analysis:

Recent Headlines Summary: No recent news headlines available

Sentiment Assessment: NEUTRAL (no recent news)

Catalyst Identification: None

Market Narrative: Lack of recent news makes it challenging to assess market narrative

Risk & Volatility Assessment:

Risk Metrics:

  • Beta: 0.09 (low risk)
  • Alpha: -0.03
  • Correlation: 0.31
  • Stock Volatility: 0.04 (low volatility)

Options Market Signals: No options data available

Downside Protection: Support levels: SMA 20 ($41.92) and Bollinger Bands (Upper $42.07, Middle $41.92, Lower $41.76)

Market Context & Positioning:

Sector Performance: TAGG's performance relative to its sector/market is neutral

Institutional Activity: Volume patterns suggest institutional interest may be low

Correlation Analysis: TAGG's moves are relatively correlated with the market (R-squared interpretation)

Relative Valuation: TAGG is positioned within a trading range, making it challenging to determine a clear valuation

Key Levels & Action Items:

Critical Price Levels:

  • SMA 20 ($41.92)
  • Bollinger Bands (Upper $42.07, Middle $41.92, Lower $41.76)

Breakout/Breakdown Levels: None

Time-Sensitive Catalysts: None

Risk Management: Stop-loss levels and position sizing considerations will depend on individual risk tolerance

Note: Due to the lack of recent news headlines, it's challenging to assess sentiment and market narrative. The focus is on technical analysis, risk assessment, and positioning within a trading range.

Generated
News
All TAGG news →

TAGG Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.1088
Alpha: -7.80%
Correlation: 0.3383
R-Squared: 11.4%
Stock Volatility: 4.1%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

TAGG Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

39 filers50,837,445 shares$2.16B value
# Filer Shares Value % of Total % of Float Period
1 T. Rowe Price Associates, Inc. 45,734,841 $1.94B 89.99% — 2026-06-30
2 LPL Financial LLC Custodian 2,796,845 $118.77M 5.50% — 2026-06-30
3 KICKSTAND VENTURES, LLC. 562,513 $23.89M 1.11% — 2026-06-30
4 Morgan Stanley Custodian 448,396 $19.04M 0.88% — 2026-06-30
5 Towerpoint Wealth, LLC 358,251 $14.53M 0.67% — 2026-09-30
6 Cetera Investment Advisers Custodian 127,343 $5.41M 0.25% — 2026-06-30
7 Raymond James Financial, Inc. Custodian 122,139 $5.19M 0.24% — 2026-06-30
8 Envestnet Asset Management, Inc. 105,023 $4.46M 0.21% — 2026-06-30
9 COMMONWEALTH EQUITY SERVICES, LLC 97,951 $4.16M 0.19% — 2026-06-30
10 Jones Financial Companies LLLP Custodian 76,784 $3.27M 0.15% — 2026-06-30
11 JPMorgan Chase & Co Custodian 63,685 $2.72M 0.13% — 2026-06-30
12 Citadel Advisors LLC Custodian 55,918 $2.37M 0.11% — 2026-06-30
13 ROTHSCHILD INVESTMENT LLC 50,186 $2.13M 0.10% — 2026-06-30
14 D.A. DAVIDSON & CO. 32,884 $1.40M 0.06% — 2026-06-30
15 TRUIST FINANCIAL CORP Custodian 28,595 $1.21M 0.06% — 2026-06-30
16 OSAIC HOLDINGS, INC. Custodian 27,727 $1.18M 0.05% — 2026-06-30
17 Steward Partners Investment Advisory, LLC 17,865 $758.64K 0.04% — 2026-06-30
18 IFP Advisors, Inc Custodian 15,383 $623.93K 0.03% — 2026-09-30
19 NATIXIS ADVISORS, LLC 14,600 $619.00K 0.03% — 2026-06-30
20 FLOW TRADERS U.S. LLC 14,479 $615.00K 0.03% — 2026-06-30
21 FIFTH THIRD BANCORP 11,092 $471.02K 0.02% — 2026-06-30
22 GeoWealth Management, LLC 10,108 $429.24K 0.02% — 2026-06-30
23 HRT FINANCIAL LP 8,145 $345.00K 0.02% — 2026-06-30
24 Savvy Advisors, Inc. 7,341 $311.75K 0.01% — 2026-06-30
25 COFG Advisors, LLC 6,510 $276.45K 0.01% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month