T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Reaches New 52-Week High – Here’s Why

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $50.14 and last traded at $49.77, with a volume of 43260 shares traded. The stock had previously closed at $49.75.

T. Rowe Price Ultra Short-Term Bond ETF Price Performance

The business’s 50 day simple moving average is $49.83 and its 200 day simple moving average is $49.87. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 34.13 and a beta of 0.03.

Institutional Trading of T. Rowe Price Ultra Short-Term Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the first quarter worth approximately $448,000. NewEdge Advisors LLC purchased a new position in T. Rowe Price Ultra Short-Term Bond ETF in the 1st quarter valued at $496,000. Raymond James Financial Inc. increased its stake in T. Rowe Price Ultra Short-Term Bond ETF by 22.2% in the 2nd quarter. Raymond James Financial Inc. now owns 920,451 shares of the company’s stock valued at $45,783,000 after buying an additional 167,250 shares during the period. Jane Street Group LLC increased its stake in T. Rowe Price Ultra Short-Term Bond ETF by 163.0% in the 2nd quarter. Jane Street Group LLC now owns 83,368 shares of the company’s stock valued at $4,147,000 after buying an additional 51,669 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 18.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 13,100 shares of the company’s stock worth $652,000 after buying an additional 1,999 shares during the last quarter.

T. Rowe Price Ultra Short-Term Bond ETF Company Profile

The T. Rowe Price Ultra Short-Term Bond ETF (TBUX) is an exchange-traded fund. The ETF currently has 53.48m in AUM and 293 holdings. TBUX is an actively-managed fund that invests in a diversified portfolio of investment-grade fixed income securities, targeting an effective duration of 1.5 years or less. TBUX was launched on Sep 28, 2021 and is managed by T. Rowe Price.