T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Sees Unusually-High Trading Volume – Still a Buy?

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) shares saw strong trading volume on Friday . 458,462 shares traded hands during mid-day trading, an increase of 143% from the previous session’s volume of 188,522 shares.The stock last traded at $49.89 and had previously closed at $49.89.

T. Rowe Price Ultra Short-Term Bond ETF Trading Down 0.0%

The business has a 50-day moving average price of $49.83 and a 200 day moving average price of $49.86. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 34.13 and a beta of 0.03.

Institutional Investors Weigh In On T. Rowe Price Ultra Short-Term Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 75,500.0% during the 4th 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 during the last quarter. 1620 Investment Advisors Inc. lifted its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 31.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 2,532 shares of the company’s stock valued at $126,000 after purchasing an additional 601 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the fourth quarter valued at $180,000. Sanctuary Advisors LLC purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the fourth quarter valued at $210,000. Finally, Encompass More Asset Management purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the fourth quarter valued at $212,000.

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.