T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Hits New 12-Month Low – Here’s Why

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) shares hit a new 52-week low during trading on Thursday . The company traded as low as $49.61 and last traded at $49.85, with a volume of 18260 shares traded. The stock had previously closed at $49.85.

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

The business has a fifty day moving average of $49.83 and a 200-day moving average of $49.86. The firm has a market capitalization of $1.10 billion, a P/E ratio of 34.13 and a beta of 0.03.

Institutional Trading of T. Rowe Price Ultra Short-Term Bond ETF

A number of hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 1.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 13,922 shares of the company’s stock worth $694,000 after acquiring an additional 203 shares in the last quarter. World Investment Advisors raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 3.3% during the first quarter. World Investment Advisors now owns 7,166 shares of the company’s stock worth $357,000 after acquiring an additional 230 shares in the last quarter. United Advisor Group LLC raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 1.9% during the fourth quarter. United Advisor Group LLC now owns 18,077 shares of the company’s stock worth $901,000 after acquiring an additional 339 shares in the last quarter. Old Port Advisors raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 4.9% during the fourth quarter. Old Port Advisors now owns 7,340 shares of the company’s stock worth $366,000 after acquiring an additional 340 shares in the last quarter. Finally, Altfest L J & Co. Inc. raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 11.0% during the fourth quarter. Altfest L J & Co. Inc. now owns 5,027 shares of the company’s stock worth $251,000 after acquiring an additional 500 shares in the last quarter.

T. Rowe Price Ultra Short-Term Bond ETF Company 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.