T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Raises Dividend to $0.16 Per Share

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) announced a monthly dividend on Tuesday, August 25th, NASDAQ Dividends reports. Shareholders of record on Wednesday, August 26th will be paid a dividend of 0.1618 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, August 26th. This is a 1.0% increase from T. Rowe Price Intermediate Municipal Income ETF’s previous monthly dividend of $0.16.

T. Rowe Price Intermediate Municipal Income ETF Stock Down 0.4%

NASDAQ:TAXE traded down $0.19 during trading hours on Wednesday, hitting $50.37. 14,587 shares of the company’s stock traded hands, compared to its average volume of 19,844. T. Rowe Price Intermediate Municipal Income ETF has a twelve month low of $49.79 and a twelve month high of $52.03. The stock’s fifty day moving average price is $50.88 and its two-hundred day moving average price is $51.13.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TAXE. KFG Wealth Management LLC purchased a new stake in T. Rowe Price Intermediate Municipal Income ETF in the 2nd quarter worth approximately $623,000. Wedbush Securities Inc. purchased a new position in shares of T. Rowe Price Intermediate Municipal Income ETF during the 2nd quarter valued at $7,919,000. Cetera Investment Advisers purchased a new position in shares of T. Rowe Price Intermediate Municipal Income ETF during the 1st quarter valued at $2,279,000. Private Advisor Group LLC grew its holdings in shares of T. Rowe Price Intermediate Municipal Income ETF by 35.8% during the 1st quarter. Private Advisor Group LLC now owns 8,150 shares of the company’s stock valued at $413,000 after acquiring an additional 2,150 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the fourth quarter worth $3,577,000.

About T. Rowe Price Intermediate Municipal Income ETF

The T. Rowe Price Intermediate Municipal Income ETF (TAXE) is an exchange-traded fund. The ETF currently has 26.49m in AUM and 102 holdings. TAXE is actively managed, seeking the highest level of income by targeting municipal securities that are exempt from federal income taxes TAXE was launched on Jul 9, 2024 and is issued by T. Rowe Price.