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

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) shares saw an uptick in trading volume on Tuesday. 177,418 shares traded hands during trading, a decline of 32% from the previous session’s volume of 260,201 shares. The stock last traded at $49.7050 and had previously closed at $49.70.

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

The stock has a market capitalization of $1.88 billion, a PE ratio of 34.13 and a beta of 0.03. The business’s 50-day moving average is $49.78 and its two-hundred day moving average is $49.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Peterson Wealth Advisors LLC acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the third quarter valued at approximately $38,290,000. Focus Financial Network Inc. raised its stake in shares of 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 valued at $23,672,000 after purchasing an additional 18,189 shares during the period. MCF Advisors LLC raised its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 0.4% during the second quarter. MCF Advisors LLC now owns 423,617 shares of the company’s stock valued at $21,083,000 after purchasing an additional 1,799 shares during the period. Members Advisory Group LLC purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the first quarter valued at approximately $17,648,000. Finally, William John Sempolinski purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the second quarter valued at approximately $15,702,000.

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.