T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Reaches New 52-Week High – Here’s Why

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUXGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.14 and last traded at $49.77, with a volume of 43260 shares. The stock had previously closed at $49.75.

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

The stock has a market capitalization of $1.10 billion, a PE ratio of 34.13 and a beta of 0.03. The firm’s fifty day moving average is $49.83 and its 200-day moving average is $49.87.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cetera Investment Advisers raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 59.7% in the first quarter. Cetera Investment Advisers now owns 65,999 shares of the company’s stock worth $3,283,000 after acquiring an additional 24,678 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the 1st quarter worth $1,908,000. Dahring Cusmano LLC grew its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 20.0% during the 1st quarter. Dahring Cusmano LLC now owns 51,471 shares of the company’s stock worth $2,561,000 after purchasing an additional 8,586 shares during the period. Members Advisory Group LLC purchased a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF in the 1st quarter valued at about $17,648,000. Finally, Stephens Inc. AR increased its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 92.8% in the 1st quarter. Stephens Inc. AR now owns 25,550 shares of the company’s stock valued at $1,271,000 after purchasing an additional 12,300 shares in the last quarter.

About T. Rowe Price Ultra Short-Term Bond ETF

(Get Free Report)

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.

Further Reading

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