Wedbush Securities Inc. Invests $7.92 Million in T. Rowe Price Intermediate Municipal Income ETF $TAXE

Wedbush Securities Inc. acquired a new position in shares of T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 192,666 shares of the company’s stock, valued at approximately $7,919,000. Wedbush Securities Inc. owned about 0.05% of T. Rowe Price Intermediate Municipal Income ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TAXE. Jane Street Group LLC lifted its position in T. Rowe Price Intermediate Municipal Income ETF by 12.5% in the second quarter. Jane Street Group LLC now owns 9,536 shares of the company’s stock valued at $474,000 after buying an additional 1,062 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in T. Rowe Price Intermediate Municipal Income ETF during the third quarter worth about $231,000. Raymond James Financial Inc. acquired a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF during the third quarter valued at about $893,000. Truist Financial Corp increased its position in shares of T. Rowe Price Intermediate Municipal Income ETF by 57.1% during the fourth quarter. Truist Financial Corp now owns 7,153 shares of the company’s stock valued at $366,000 after acquiring an additional 2,599 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the 4th quarter valued at approximately $2,062,000.

T. Rowe Price Intermediate Municipal Income ETF Price Performance

T. Rowe Price Intermediate Municipal Income ETF stock opened at $50.23 on Friday. The company’s 50 day simple moving average is $50.82 and its 200-day simple moving average is $51.11. T. Rowe Price Intermediate Municipal Income ETF has a 1 year low of $49.79 and a 1 year high of $52.03.

T. Rowe Price Intermediate Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 26th were issued a $0.1618 dividend. This is a boost from T. Rowe Price Intermediate Municipal Income ETF’s previous monthly dividend of $0.16. The ex-dividend date was Wednesday, August 26th. This represents a c) annualized dividend and a yield of 3.9%.

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.