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

Shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw strong trading volume on Monday . Approximately 949,508 shares traded hands during trading, an increase of 323% from the previous session’s volume of 224,489 shares.The stock last traded at $49.79 and had previously closed at $49.78.

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

The stock has a market cap of $1.30 billion, a P/E ratio of 34.13 and a beta of 0.03. The firm has a 50 day moving average of $49.85 and a two-hundred day moving average of $49.85.

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

Several hedge funds and other institutional investors have recently modified their holdings of TBUX. Focus Financial Network Inc. lifted its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 936.6% in the second quarter. Focus Financial Network Inc. now owns 459,368 shares of the company’s stock valued at $22,863,000 after buying an additional 415,054 shares during the period. Members Advisory Group LLC bought a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the 1st quarter worth approximately $17,648,000. William John Sempolinski acquired a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF in the second quarter valued at $15,702,000. Raymond James Financial Inc. lifted its position in T. Rowe Price Ultra Short-Term Bond ETF by 22.2% in the second quarter. Raymond James Financial Inc. now owns 920,451 shares of the company’s stock worth $45,783,000 after purchasing an additional 167,250 shares during the period. Finally, Harfst & Associates Inc. boosted its stake in T. Rowe Price Ultra Short-Term Bond ETF by 221.9% during the fourth quarter. Harfst & Associates Inc. now owns 188,219 shares of the company’s stock worth $9,383,000 after buying an additional 129,745 shares in the last quarter.

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.