Envestnet Asset Management Inc. Increases Stake in T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX)

Envestnet Asset Management Inc. raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) by 103.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,412 shares of the company’s stock after buying an additional 30,770 shares during the quarter. Envestnet Asset Management Inc. owned about 0.72% of T. Rowe Price Ultra Short-Term Bond ETF worth $2,999,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Wayfinding Financial LLC purchased a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF during the 1st quarter worth $25,000. Sovran Advisors LLC acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the first quarter worth about $241,000. Essex Financial Services Inc. acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the first quarter worth about $383,000. Focus Financial Network Inc. increased its position in T. Rowe Price Ultra Short-Term Bond ETF by 44.7% during the first quarter. Focus Financial Network Inc. now owns 8,091 shares of the company’s stock worth $402,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Savvy Advisors Inc. grew its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 8.2% in the 4th quarter. Savvy Advisors Inc. now owns 8,171 shares of the company’s stock valued at $405,000 after buying an additional 622 shares during the period.

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

Shares of TBUX stock opened at $49.90 on Monday. The firm has a market cap of $526.45 million, a PE ratio of 34.13 and a beta of 0.02. The company has a 50-day moving average of $49.78 and a two-hundred day moving average of $49.72. T. Rowe Price Ultra Short-Term Bond ETF has a 1-year low of $49.41 and a 1-year high of $50.29.

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.