T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Sees Strong Trading Volume – Time to Buy?

Shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw unusually-high trading volume on Friday . Approximately 458,462 shares were traded during 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 Stock Performance

The stock has a 50-day simple moving average of $49.84 and a two-hundred day simple moving average of $49.86. The firm has a market capitalization of $1.10 billion, a P/E ratio of 34.13 and a beta of 0.03.

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

A number of institutional investors and hedge funds have recently bought and sold shares of TBUX. Integrated Wealth Concepts LLC bought a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the 1st quarter valued at $448,000. NewEdge Advisors LLC bought a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the 1st quarter valued at $496,000. Raymond James Financial Inc. raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 22.2% during the 2nd quarter. Raymond James Financial Inc. now owns 920,451 shares of the company’s stock valued at $45,783,000 after purchasing an additional 167,250 shares in the last quarter. Jane Street Group LLC raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 163.0% during the 2nd 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 in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 18.0% during the 2nd 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 in the last quarter.

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.