T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Reaches New 52-Week Low – Here’s What Happened

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX)’s stock price hit a new 52-week low during mid-day trading on Friday. The company traded as low as $49.60 and last traded at $49.6050, with a volume of 47518 shares trading hands. The stock had previously closed at $49.77.

T. Rowe Price Ultra Short-Term Bond ETF Price Performance

The firm’s 50-day simple moving average is $49.83 and its 200 day simple moving average is $49.83. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 34.13 and a beta of 0.03.

Institutional Trading of T. Rowe Price Ultra Short-Term Bond ETF

Several large investors have recently bought and sold shares of TBUX. Focus Financial Network Inc. raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 936.6% in the second quarter. Focus Financial Network Inc. now owns 459,368 shares of the company’s stock valued at $22,863,000 after purchasing an additional 415,054 shares during the last quarter. Members Advisory Group LLC bought a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the first quarter worth about $17,648,000. William John Sempolinski acquired a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF in the second quarter valued at approximately $15,702,000. Harfst & Associates Inc. raised its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 221.9% in the 4th quarter. Harfst & Associates Inc. now owns 188,219 shares of the company’s stock valued at $9,383,000 after buying an additional 129,745 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 153.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 164,710 shares of the company’s stock valued at $8,198,000 after buying an additional 99,606 shares during the last quarter.

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.