T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Sets New 1-Year High – Still a Buy?

Shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) reached a new 52-week high on Thursday . The stock traded as high as $50.14 and last traded at $49.77, with a volume of 43260 shares trading hands. The stock had previously closed at $49.75.

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

The firm has a fifty day moving average of $49.83 and a two-hundred day moving average of $49.87. The stock has a market capitalization of $1.10 billion, a P/E ratio of 34.13 and a beta of 0.03.

Institutional Trading of T. Rowe Price Ultra Short-Term Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. ARS Wealth Advisors Group LLC raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 103.3% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 2,650,978 shares of the company’s stock valued at $132,151,000 after acquiring an additional 1,346,915 shares in the last quarter. Raymond James Financial Inc. raised its stake in T. Rowe Price Ultra Short-Term Bond ETF by 17.6% in the third quarter. Raymond James Financial Inc. now owns 1,082,877 shares of the company’s stock worth $53,971,000 after buying an additional 162,426 shares in the last quarter. Members Advisory Group LLC bought a new position in T. Rowe Price Ultra Short-Term Bond ETF in the first quarter worth approximately $17,648,000. Osaic Holdings Inc. raised its stake in T. Rowe Price Ultra Short-Term Bond ETF by 56.0% in the fourth quarter. Osaic Holdings Inc. now owns 285,698 shares of the company’s stock worth $14,245,000 after buying an additional 102,613 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in T. Rowe Price Ultra Short-Term Bond ETF by 70.5% in the third quarter. Jones Financial Companies Lllp now owns 231,536 shares of the company’s stock worth $11,530,000 after buying an additional 95,708 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.