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

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw an uptick in trading volume on Wednesday . 664,669 shares traded hands during mid-day trading, an increase of 219% from the previous session’s volume of 208,509 shares.The stock last traded at $49.83 and had previously closed at $49.81.

T. Rowe Price Ultra Short-Term Bond ETF Stock Up 0.0%

The business’s 50-day simple moving average is $49.84 and its two-hundred day simple moving average is $49.85. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 34.13 and a beta of 0.03.

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

A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in 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 purchasing an additional 1,510 shares during the period. 1620 Investment Advisors Inc. raised its stake in shares of 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 buying an additional 601 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the 4th quarter valued at $180,000. Sanctuary Advisors LLC acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the 4th quarter valued at $210,000. Finally, Encompass More Asset Management purchased a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the 4th quarter worth $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.