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

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) shares saw strong trading volume on Tuesday . 335,315 shares traded hands during trading, an increase of 74% from the previous session’s volume of 192,496 shares.The stock last traded at $49.8750 and had previously closed at $49.87.

T. Rowe Price Ultra Short-Term Bond ETF Stock Performance

The firm’s 50 day moving average is $49.89 and its 200-day moving average is $49.88. The stock has a market capitalization of $864.33 million, a price-to-earnings ratio of 34.13 and a beta of 0.03.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Tuesday, January 27th were issued a $0.1744 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, January 27th.

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

Several large investors have recently bought and sold shares of TBUX. Ameritas Advisory Services LLC acquired a new position in T. Rowe Price Ultra Short-Term Bond ETF during the second quarter worth $41,000. 1620 Investment Advisors Inc. raised its stake in T. Rowe Price Ultra Short-Term Bond ETF by 57.2% during the third quarter. 1620 Investment Advisors Inc. now owns 1,931 shares of the company’s stock worth $96,000 after purchasing an additional 703 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the 4th quarter valued at approximately $210,000. Encompass More Asset Management purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the 4th quarter valued at approximately $212,000. Finally, Planning Directions Inc. acquired a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter worth approximately $216,000.

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.