T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Sees Unusually-High Trading Volume – Here’s Why

Shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw unusually-high trading volume on Monday . Approximately 607,413 shares were traded during mid-day trading, an increase of 180% from the previous session’s volume of 216,590 shares.The stock last traded at $49.8350 and had previously closed at $49.85.

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

The company’s 50 day moving average price is $49.89 and its 200-day moving average price is $49.90. The company has a market cap of $876.19 million, a PE ratio of 34.13 and a beta of 0.03.

T. Rowe Price Ultra Short-Term Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 24th were paid a $0.1662 dividend. The ex-dividend date was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 4.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake 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 acquiring an additional 1,510 shares during the period. 1620 Investment Advisors Inc. increased its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 57.2% in the third quarter. 1620 Investment Advisors Inc. now owns 1,931 shares of the company’s stock worth $96,000 after purchasing an additional 703 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the fourth quarter valued at approximately $180,000. Sanctuary Advisors LLC purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter valued at approximately $210,000. Finally, Encompass More Asset Management purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the 4th 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.