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

Wedbush Securities Inc. bought a new stake in T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 192,666 shares of the company’s stock, valued at approximately $7,919,000. Wedbush Securities Inc. owned approximately 5.07% of T. Rowe Price Intermediate Municipal Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TAXE. Magnolia Capital Advisors LLC purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the fourth quarter valued at about $204,000. Kestra Advisory Services LLC purchased a new position in T. Rowe Price Intermediate Municipal Income ETF during the fourth quarter worth about $220,000. Envestnet Asset Management Inc. acquired a new position in T. Rowe Price Intermediate Municipal Income ETF in the 3rd quarter valued at about $231,000. Truist Financial Corp boosted its holdings in 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 valued at $366,000 after purchasing an additional 2,599 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in T. Rowe Price Intermediate Municipal Income ETF by 35.8% in the 1st quarter. Private Advisor Group LLC now owns 8,150 shares of the company’s stock valued at $413,000 after purchasing an additional 2,150 shares during the last quarter.

T. Rowe Price Intermediate Municipal Income ETF Price Performance

T. Rowe Price Intermediate Municipal Income ETF stock opened at $50.23 on Friday. The firm has a 50 day simple moving average of $50.82 and a 200-day simple moving average of $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 firm also recently disclosed 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. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Wednesday, August 26th.

T. Rowe Price Intermediate Municipal Income ETF 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.