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

Shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw unusually-strong trading volume on Monday . Approximately 547,711 shares were traded during mid-day trading, an increase of 157% from the previous session’s volume of 212,811 shares.The stock last traded at $49.94 and had previously closed at $49.93.

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

The stock has a market cap of $1.30 billion, a PE ratio of 34.13 and a beta of 0.03. The business has a 50-day moving average price of $49.85 and a 200 day moving average price of $49.85.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in T. Rowe Price Ultra Short-Term Bond ETF during the first quarter worth about $448,000. NewEdge Advisors LLC purchased a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF in the first quarter worth about $496,000. Raymond James Financial Inc. increased its stake in shares of 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 in the last quarter. Jane Street Group LLC raised its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 163.0% in the second quarter. Jane Street Group LLC now owns 83,368 shares of the company’s stock valued at $4,147,000 after purchasing an additional 51,669 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 18.0% in the second quarter. Geneos Wealth Management Inc. now owns 13,100 shares of the company’s stock valued at $652,000 after purchasing an additional 1,999 shares during the period.

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.