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 Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.1602 per share on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, June 25th. This is a 2.1% 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%

Shares of NASDAQ TAXE traded down $0.18 during midday trading on Thursday, reaching $51.22. 13,719 shares of the company’s stock were exchanged, compared to its average volume of 17,149. T. Rowe Price Intermediate Municipal Income ETF has a 52-week low of $49.52 and a 52-week high of $52.03. The business’s fifty day moving average price is $51.15 and its two-hundred day moving average price is $51.28.

Hedge Funds Weigh In On T. Rowe Price Intermediate Municipal Income ETF

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC grew its position in shares of T. Rowe Price Intermediate Municipal Income ETF by 12.5% during the second quarter. Jane Street Group LLC now owns 9,536 shares of the company’s stock worth $474,000 after buying an additional 1,062 shares in the last quarter. Private Advisor Group LLC grew its holdings in 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 worth $413,000 after acquiring an additional 2,150 shares in the last quarter. Truist Financial Corp increased its position in shares of T. Rowe Price Intermediate Municipal Income ETF by 57.1% in the 4th quarter. Truist Financial Corp now owns 7,153 shares of the company’s stock worth $366,000 after purchasing an additional 2,599 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the 4th quarter worth about $204,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the 4th quarter valued at about $220,000.

T. Rowe Price Intermediate Municipal Income ETF Company Profile

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.