Sovran Advisors LLC Increases Stock Holdings in T. Rowe Price Ultra Short-Term Bond ETF $TBUX

Sovran Advisors LLC raised its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) by 52.2% during the third quarter, Holdings Channel reports. The firm owned 151,475 shares of the company’s stock after buying an additional 51,928 shares during the quarter. Sovran Advisors LLC’s holdings in T. Rowe Price Ultra Short-Term Bond ETF were worth $7,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stratos Wealth Advisors LLC bought a new position in T. Rowe Price Ultra Short-Term Bond ETF in the second quarter worth about $262,000. Janney Montgomery Scott LLC raised its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 9.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 85,540 shares of the company’s stock worth $4,255,000 after acquiring an additional 7,170 shares in the last quarter. Huntington National Bank bought a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF in the 2nd quarter worth approximately $672,000. Carson Advisory Inc. purchased a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF in the 2nd quarter valued at approximately $624,000. Finally, Harfst & Associates Inc. bought a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the third quarter valued at approximately $2,914,000.

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

Shares of TBUX stock opened at $49.97 on Monday. The business’s fifty day moving average is $49.89 and its 200 day moving average is $49.88. The stock has a market cap of $856.99 million, a price-to-earnings ratio of 34.13 and a beta of 0.03. T. Rowe Price Ultra Short-Term Bond ETF has a twelve month low of $49.44 and a twelve month high of $50.05.

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.