T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Trading Up 0.1% – Still a Buy?

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX)’s stock price rose 0.1% during trading on Monday . The company traded as high as $49.88 and last traded at $49.88. Approximately 170,140 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 223,264 shares. The stock had previously closed at $49.83.

T. Rowe Price Ultra Short-Term Bond ETF Stock Up 0.1%

The stock has a market cap of $876.89 million, a P/E ratio of 34.13 and a beta of 0.03. The firm’s 50-day moving average is $49.89 and its two-hundred day moving average is $49.90.

T. Rowe Price Ultra Short-Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 24th were given a dividend of $0.1662 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, February 24th.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. ARS Wealth Advisors Group LLC boosted its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 103.3% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 2,650,978 shares of the company’s stock worth $132,151,000 after acquiring an additional 1,346,915 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 17.6% in the 3rd quarter. Raymond James Financial Inc. now owns 1,082,877 shares of the company’s stock worth $53,971,000 after purchasing an additional 162,426 shares during the last quarter. Osaic Holdings Inc. boosted its position in T. Rowe Price Ultra Short-Term Bond ETF by 56.0% during the fourth quarter. Osaic Holdings Inc. now owns 285,698 shares of the company’s stock worth $14,245,000 after purchasing an additional 102,613 shares during the period. Jones Financial Companies Lllp grew its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 70.5% during the third quarter. Jones Financial Companies Lllp now owns 231,536 shares of the company’s stock valued at $11,530,000 after purchasing an additional 95,708 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 7.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 207,477 shares of the company’s stock valued at $10,343,000 after purchasing an additional 15,166 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.