KFG Wealth Management LLC Invests $623,000 in T. Rowe Price Intermediate Municipal Income ETF $TAXE

KFG Wealth Management LLC acquired a new position in shares of T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXEFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,142 shares of the company’s stock, valued at approximately $623,000. KFG Wealth Management LLC owned 0.32% of T. Rowe Price Intermediate Municipal Income ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wedbush Securities Inc. bought a new position in T. Rowe Price Intermediate Municipal Income ETF in the 2nd quarter worth $7,919,000. Cetera Investment Advisers bought a new stake in T. Rowe Price Intermediate Municipal Income ETF during the first quarter valued at about $2,279,000. Private Advisor Group LLC grew its position in shares of T. Rowe Price Intermediate Municipal Income ETF by 35.8% in the first 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. OLD Mission Capital LLC acquired a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the fourth quarter valued at about $3,577,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of T. Rowe Price Intermediate Municipal Income ETF by 18.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 159,425 shares of the company’s stock worth $8,147,000 after purchasing an additional 24,475 shares during the period.

T. Rowe Price Intermediate Municipal Income ETF Price Performance

NASDAQ TAXE opened at $49.94 on Thursday. T. Rowe Price Intermediate Municipal Income ETF has a twelve month low of $49.90 and a twelve month high of $52.03. The stock has a 50-day simple moving average of $50.74 and a 200 day simple moving average of $51.07.

T. Rowe Price Intermediate Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 26th were issued a dividend of $0.1618 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. 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.

T. Rowe Price Intermediate Municipal Income ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE)

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