T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Stock Price Up 0.1% – Time to Buy?

Shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) shot up 0.1% during mid-day trading on Monday . The company traded as high as $49.88 and last traded at $49.88. 170,140 shares were traded during mid-day trading, a decline of 24% from the average session volume of 223,264 shares. The stock had previously closed at $49.83.

T. Rowe Price Ultra Short-Term Bond ETF Stock Up 0.1%

The stock has a 50-day moving average price of $49.90 and a 200 day moving average price of $49.90. The firm has a market capitalization of $876.89 million, a price-to-earnings ratio of 34.13 and a beta of 0.03.

T. Rowe Price Ultra Short-Term Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 24th were issued a $0.1662 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBUX. ARS Wealth Advisors Group LLC increased its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 103.3% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 2,650,978 shares of the company’s stock valued at $132,151,000 after purchasing an additional 1,346,915 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 17.6% during the 3rd quarter. Raymond James Financial Inc. now owns 1,082,877 shares of the company’s stock worth $53,971,000 after purchasing an additional 162,426 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 56.0% during the 4th quarter. Osaic Holdings Inc. now owns 285,698 shares of the company’s stock worth $14,245,000 after purchasing an additional 102,613 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 70.5% during the third quarter. Jones Financial Companies Lllp now owns 231,536 shares of the company’s stock worth $11,530,000 after purchasing an additional 95,708 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 7.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 207,477 shares of the company’s stock worth $10,343,000 after purchasing an additional 15,166 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.