T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Sets New 52-Week Low – What’s Next?

Shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $49.56 and last traded at $49.57, with a volume of 263468 shares changing hands. The stock had previously closed at $49.59.

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

The business has a fifty day moving average of $49.79 and a 200 day moving average of $49.82. The firm has a market cap of $1.72 billion, a P/E ratio of 34.13 and a beta of 0.03.

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

Several large investors have recently modified their holdings of TBUX. Citadel Advisors LLC lifted its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 205.3% during the 2nd quarter. Citadel Advisors LLC now owns 110,063 shares of the company’s stock worth $5,478,000 after purchasing an additional 74,018 shares during the last quarter. Focus Financial Network Inc. grew its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 936.6% in the 2nd quarter. Focus Financial Network Inc. now owns 459,368 shares of the company’s stock valued at $22,863,000 after buying an additional 415,054 shares in the last quarter. Commonwealth Equity Services LLC increased its position in T. Rowe Price Ultra Short-Term Bond ETF by 14.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 130,441 shares of the company’s stock worth $6,502,000 after buying an additional 16,279 shares during the period. William John Sempolinski bought a new position in T. Rowe Price Ultra Short-Term Bond ETF during the 2nd quarter worth $15,702,000. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 177.8% during the second quarter. Ameritas Advisory Services LLC now owns 40,321 shares of the company’s stock worth $2,007,000 after buying an additional 25,808 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.