Sovran Advisors LLC Purchases 51,928 Shares of T. Rowe Price Ultra Short-Term Bond ETF $TBUX

Sovran Advisors LLC grew its position in shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) by 52.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,475 shares of the company’s stock after purchasing an additional 51,928 shares during the period. Sovran Advisors LLC owned approximately 1.06% of T. Rowe Price Ultra Short-Term Bond ETF worth $7,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new position in T. Rowe Price Ultra Short-Term Bond ETF during the second quarter worth about $41,000. 1620 Investment Advisors Inc. grew its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 57.2% during the third quarter. 1620 Investment Advisors Inc. now owns 1,931 shares of the company’s stock worth $96,000 after purchasing an additional 703 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 232.1% in the second quarter. Farther Finance Advisors LLC now owns 2,524 shares of the company’s stock worth $126,000 after purchasing an additional 1,764 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the second quarter valued at approximately $216,000. Finally, Altfest L J & Co. Inc. lifted its position in T. Rowe Price Ultra Short-Term Bond ETF by 12.4% during the third quarter. Altfest L J & Co. Inc. now owns 4,527 shares of the company’s stock valued at $226,000 after purchasing an additional 500 shares during the last quarter.

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

TBUX stock opened at $49.97 on Monday. The firm has a 50 day simple moving average of $49.89 and a two-hundred day simple moving average of $49.88. The stock has a market cap of $856.99 million, a PE ratio of 34.13 and a beta of 0.03. T. Rowe Price Ultra Short-Term Bond ETF has a one year low of $49.44 and a one year high of $50.05.

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.