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

Shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw strong trading volume on Monday . Approximately 949,508 shares changed hands during mid-day trading, an increase of 323% from the previous session’s volume of 224,489 shares.The stock last traded at $49.79 and had previously closed at $49.78.

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

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 34.13 and a beta of 0.03. The stock has a fifty day moving average price of $49.84 and a 200-day moving average price of $49.85.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. World Investment Advisors boosted its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 3.3% in the 1st quarter. World Investment Advisors now owns 7,166 shares of the company’s stock valued at $357,000 after purchasing an additional 230 shares in the last quarter. 1620 Investment Advisors Inc. grew its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 31.1% in the 4th quarter. 1620 Investment Advisors Inc. now owns 2,532 shares of the company’s stock worth $126,000 after purchasing an additional 601 shares during the last quarter. Heritage Wealth Management Inc. increased its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 8.8% during the 1st quarter. Heritage Wealth Management Inc. now owns 14,365 shares of the company’s stock worth $715,000 after purchasing an additional 1,165 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 75,500.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,512 shares of the company’s stock worth $75,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 25.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,726 shares of the company’s stock valued at $385,000 after purchasing an additional 1,585 shares during 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.