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

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) shares saw unusually-strong trading volume on Wednesday . Approximately 664,669 shares traded hands during trading, an increase of 219% from the previous session’s volume of 208,509 shares.The stock last traded at $49.83 and had previously closed at $49.81.

T. Rowe Price Ultra Short-Term Bond ETF Stock Up 0.0%

The firm’s 50-day moving average price is $49.84 and its 200 day moving average price is $49.85. The firm has a market cap of $1.30 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

Large investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 789.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 59,421 shares of the company’s stock valued at $2,957,000 after buying an additional 52,743 shares during the last quarter. Focus Financial Network Inc. grew its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 936.6% in the 2nd quarter. Focus Financial Network Inc. now owns 459,368 shares of the company’s stock worth $22,863,000 after buying an additional 415,054 shares in the last quarter. Topor & Co. Korea increased its position in T. Rowe Price Ultra Short-Term Bond ETF by 54.4% in the 2nd quarter. Topor & Co. Korea now owns 13,531 shares of the company’s stock valued at $673,000 after acquiring an additional 4,768 shares during the period. Fischer Investment Strategies LLC increased its position in T. Rowe Price Ultra Short-Term Bond ETF by 525.5% in the 1st quarter. Fischer Investment Strategies LLC now owns 71,372 shares of the company’s stock valued at $3,551,000 after acquiring an additional 59,962 shares during the period. Finally, Cetera Investment Advisers increased its position in T. Rowe Price Ultra Short-Term Bond ETF by 59.7% in the 1st quarter. Cetera Investment Advisers now owns 65,999 shares of the company’s stock valued at $3,283,000 after acquiring an additional 24,678 shares during the period.

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.