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 unusually-high trading volume on Monday . 547,711 shares were traded during trading, an increase of 157% from the previous session’s volume of 212,811 shares.The stock last traded at $49.94 and had previously closed at $49.93.

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

The firm’s fifty day simple moving average is $49.85 and its 200 day simple moving average is $49.85. The company has a market capitalization of $1.30 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

Several hedge funds have recently made changes to their positions in TBUX. Commonwealth Equity Services LLC grew its stake in T. Rowe Price Ultra Short-Term Bond ETF by 14.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 130,441 shares of the company’s stock valued at $6,502,000 after acquiring an additional 16,279 shares in the last quarter. MidAtlantic Capital Management Inc. lifted its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 57.6% in the fourth quarter. MidAtlantic Capital Management Inc. now owns 51,930 shares of the company’s stock worth $2,589,000 after purchasing an additional 18,984 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 7.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 207,477 shares of the company’s stock worth $10,343,000 after purchasing an additional 15,166 shares during the period. Stephens Inc. AR acquired a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the fourth quarter worth approximately $661,000. Finally, Independent Financial Group LLC purchased a new position in T. Rowe Price Ultra Short-Term Bond ETF during the first quarter valued at approximately $1,908,000.

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.