T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Reaches New 1-Year Low – What’s Next?

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX)’s stock price hit a new 52-week low during trading on Friday. The company traded as low as $46.79 and last traded at $49.7220, with a volume of 114 shares changing hands. The stock had previously closed at $49.76.

T. Rowe Price Ultra Short-Term Bond ETF Trading Down 0.1%

The stock has a fifty day simple moving average of $49.78 and a two-hundred day simple moving average of $49.81. The company has a market cap of $1.88 billion, a PE ratio of 34.13 and a beta of 0.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc acquired a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the third quarter valued at about $574,000. Focus Financial Network Inc. raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 4.0% during the third quarter. Focus Financial Network Inc. now owns 477,557 shares of the company’s stock worth $23,672,000 after acquiring an additional 18,189 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 13.0% in the third quarter. Farther Finance Advisors LLC now owns 22,531 shares of the company’s stock valued at $1,117,000 after purchasing an additional 2,592 shares in the last quarter. YHB Investment Advisors Inc. purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the third quarter valued at about $209,000. Finally, Peterson Wealth Advisors LLC acquired a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the third quarter valued at approximately $38,290,000.

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.