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

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw unusually-strong trading volume on Monday . Approximately 607,413 shares traded hands during mid-day trading, an increase of 180% from the previous session’s volume of 216,590 shares.The stock last traded at $49.8350 and had previously closed at $49.85.

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

The company has a market capitalization of $875.92 million, a PE ratio of 34.13 and a beta of 0.03. The firm has a 50 day simple moving average of $49.90 and a two-hundred day simple moving average of $49.90.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 24th were given a $0.1662 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, February 24th.

Hedge Funds Weigh In On T. Rowe Price Ultra Short-Term Bond ETF

A number of large investors have recently bought and sold shares of the company. ARS Wealth Advisors Group LLC lifted its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 103.3% in 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 during the period. Raymond James Financial Inc. lifted its position in T. Rowe Price Ultra Short-Term Bond ETF by 17.6% in the third quarter. Raymond James Financial Inc. now owns 1,082,877 shares of the company’s stock valued at $53,971,000 after purchasing an additional 162,426 shares during the period. Strategic Financial Concepts LLC boosted its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 6.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 293,952 shares of the company’s stock valued at $14,642,000 after purchasing an additional 17,637 shares in the last quarter. Osaic Holdings Inc. increased its position in T. Rowe Price Ultra Short-Term Bond ETF by 56.0% during the 4th 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. Finally, Jones Financial Companies Lllp raised its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 70.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 231,536 shares of the company’s stock worth $11,530,000 after buying an additional 95,708 shares in 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.