T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Hits New 12-Month Low – Here’s Why

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUXGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $49.61 and last traded at $49.85, with a volume of 18260 shares changing hands. The stock had previously closed at $49.85.

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

The company has a 50-day simple moving average of $49.83 and a 200 day simple moving average of $49.86. The company has a market cap of $1.10 billion, a P/E ratio of 34.13 and a beta of 0.03.

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

Several hedge funds have recently modified their holdings of TBUX. CRA Financial Services LLC increased its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 40.8% during the 4th quarter. CRA Financial Services LLC now owns 57,298 shares of the company’s stock worth $2,856,000 after purchasing an additional 16,604 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in T. Rowe Price Ultra Short-Term Bond ETF by 229.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,127 shares of the company’s stock worth $1,054,000 after buying an additional 14,711 shares during the period. WESPAC Advisors LLC acquired a new position in T. Rowe Price Ultra Short-Term Bond ETF during the fourth quarter worth approximately $584,000. Brookwood Investment Group LLC acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter worth approximately $1,424,000. Finally, Fischer Investment Strategies LLC acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter worth approximately $569,000.

About T. Rowe Price Ultra Short-Term Bond ETF

(Get Free Report)

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.

Further Reading

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