T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Sets New 12-Month Low – Here’s Why

Shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) reached a new 52-week low during mid-day trading on Friday. The company traded as low as $46.79 and last traded at $49.7220, with a volume of 114 shares trading hands. The stock had previously closed at $49.76.

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

The business has a fifty day simple moving average of $49.78 and a 200 day simple moving average of $49.81. The stock has a market cap of $1.88 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

Several institutional investors and hedge funds have recently made changes to their positions in TBUX. World Investment Advisors boosted its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 3.3% during the first quarter. World Investment Advisors now owns 7,166 shares of the company’s stock valued at $357,000 after acquiring an additional 230 shares during the last quarter. Heritage Wealth Management Inc. raised its stake in T. Rowe Price Ultra Short-Term Bond ETF by 8.8% in the 1st quarter. Heritage Wealth Management Inc. now owns 14,365 shares of the company’s stock valued at $715,000 after purchasing an additional 1,165 shares during the last quarter. MCF Advisors LLC raised its stake in T. Rowe Price Ultra Short-Term Bond ETF by 0.4% in the 2nd quarter. MCF Advisors LLC now owns 423,617 shares of the company’s stock valued at $21,083,000 after purchasing an additional 1,799 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 13.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 22,531 shares of the company’s stock valued at $1,117,000 after purchasing an additional 2,592 shares in the last quarter. Finally, Capital Analysts LLC lifted its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 373.3% in the 2nd quarter. Capital Analysts LLC now owns 4,506 shares of the company’s stock valued at $224,000 after purchasing an additional 3,554 shares in the last quarter.

About T. Rowe Price Ultra Short-Term Bond ETF

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.