Shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 458,462 shares changed hands during mid-day trading, an increase of 143% from the previous session’s volume of 188,522 shares.The stock last traded at $49.89 and had previously closed at $49.89.
T. Rowe Price Ultra Short-Term Bond ETF Price Performance
The stock has a market capitalization of $1.10 billion, a P/E ratio of 34.13 and a beta of 0.03. The company has a fifty day moving average of $49.83 and a two-hundred day moving average of $49.86.
Hedge Funds Weigh In On T. Rowe Price Ultra Short-Term Bond ETF
Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 75,500.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,512 shares of the company’s stock valued at $75,000 after purchasing an additional 1,510 shares during the last quarter. 1620 Investment Advisors Inc. grew its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 31.1% during the fourth quarter. 1620 Investment Advisors Inc. now owns 2,532 shares of the company’s stock valued at $126,000 after purchasing an additional 601 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF during the fourth quarter valued at approximately $180,000. Sanctuary Advisors LLC bought a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF during the fourth quarter valued at approximately $210,000. Finally, Encompass More Asset Management bought a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF during the fourth 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.
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