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

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) shares saw an uptick in trading volume on Tuesday . 276,063 shares were traded during 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 Stock Up 0.0%

The firm has a market capitalization of $1.23 billion, a P/E ratio of 34.13 and a beta of 0.03. The company’s 50 day moving average is $49.84 and its 200-day moving average is $49.85.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in T. Rowe Price Ultra Short-Term Bond ETF by 75,500.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,512 shares of the company’s stock valued at $75,000 after buying an additional 1,510 shares in the last quarter. 1620 Investment Advisors Inc. boosted its holdings in 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 worth $126,000 after acquiring an additional 601 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the fourth quarter valued at approximately $180,000. Sanctuary Advisors LLC acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the fourth quarter valued at approximately $210,000. Finally, Encompass More Asset Management bought a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the fourth quarter valued at approximately $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.