Northwestern Mutual Wealth Management Co. Acquires 15,166 Shares of T. Rowe Price Ultra Short-Term Bond ETF $TBUX

Northwestern Mutual Wealth Management Co. increased its position in T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) by 7.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 207,477 shares of the company’s stock after purchasing an additional 15,166 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in T. Rowe Price Ultra Short-Term Bond ETF were worth $10,343,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. ARS Wealth Advisors Group LLC increased its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 103.3% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 2,650,978 shares of the company’s stock worth $132,151,000 after buying an additional 1,346,915 shares during the period. Raymond James Financial Inc. increased its stake in shares of 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 worth $53,971,000 after buying an additional 162,426 shares during the period. Jones Financial Companies Lllp increased its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 70.5% in the third 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 during the period. Walker Financial Services Inc. increased its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 16.2% in the fourth quarter. Walker Financial Services Inc. now owns 122,408 shares of the company’s stock worth $6,102,000 after buying an additional 17,072 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 163.0% in the second quarter. Jane Street Group LLC now owns 83,368 shares of the company’s stock worth $4,147,000 after buying an additional 51,669 shares during the period.

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

Shares of NYSEARCA TBUX opened at $49.81 on Tuesday. T. Rowe Price Ultra Short-Term Bond ETF has a 52 week low of $49.64 and a 52 week high of $50.14. The firm’s fifty day moving average is $49.82 and its 200 day moving average is $49.87. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 34.13 and a beta of 0.03.

T. Rowe Price Ultra Short-Term Bond ETF 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.