T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Sets New 1-Year Low – Here’s What Happened

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 $49.61 and last traded at $49.85, with a volume of 18260 shares changing hands. The stock had previously closed at $49.85.

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

The stock’s 50-day moving average price is $49.84 and its two-hundred day moving average price is $49.86. The stock has a market capitalization of $1.10 billion, a P/E ratio of 34.13 and a beta of 0.03.

Institutional Investors Weigh In On T. Rowe Price Ultra Short-Term Bond ETF

Several large investors have recently modified their holdings of TBUX. Wells Fargo & Company MN increased its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 75,500.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,512 shares of the company’s stock worth $75,000 after purchasing an additional 1,510 shares during the last quarter. 1620 Investment Advisors Inc. increased its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 31.1% during the 4th quarter. 1620 Investment Advisors Inc. now owns 2,532 shares of the company’s stock worth $126,000 after acquiring an additional 601 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter worth approximately $180,000. Sanctuary Advisors LLC bought a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter worth approximately $210,000. Finally, Encompass More Asset Management bought a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter worth approximately $212,000.

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.