T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Sees Large Volume Increase – Here’s Why

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) shares saw strong trading volume on Tuesday . Approximately 276,063 shares changed hands during mid-day trading, an increase of 39% from the previous session’s volume of 198,004 shares.The stock last traded at $49.86 and had previously closed at $49.83.

T. Rowe Price Ultra Short-Term Bond ETF Trading Up 0.1%

The company has a market capitalization of $1.25 billion, a PE ratio of 34.13 and a beta of 0.03. The business has a fifty day moving average of $49.84 and a 200 day moving average of $49.86.

Hedge Funds Weigh In On T. Rowe Price Ultra Short-Term Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBUX. Wells Fargo & Company MN raised its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 75,500.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,512 shares of the company’s stock valued at $75,000 after acquiring an additional 1,510 shares in the last quarter. 1620 Investment Advisors Inc. increased its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 31.1% during the 4th quarter. 1620 Investment Advisors Inc. now owns 2,532 shares of the company’s stock worth $126,000 after purchasing an additional 601 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter worth about $180,000. Sanctuary Advisors LLC acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the 4th quarter valued at about $210,000. Finally, Encompass More Asset Management acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the 4th quarter valued at about $212,000.

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.