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

KFG Wealth Management LLC acquired a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,142 shares of the company’s stock, valued at approximately $623,000.

Several other hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers acquired a new stake in T. Rowe Price Intermediate Municipal Income ETF during the first quarter worth about $2,279,000. Wedbush Securities Inc. acquired a new position in T. Rowe Price Intermediate Municipal Income ETF in the 2nd quarter valued at approximately $7,919,000. Private Advisor Group LLC lifted its position in shares of 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 worth $413,000 after acquiring an additional 2,150 shares during the period. Truist Financial Corp lifted 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 acquiring an additional 2,599 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of T. Rowe Price Intermediate Municipal Income ETF by 12.5% in the 2nd quarter. Jane Street Group LLC now owns 9,536 shares of the company’s stock worth $474,000 after acquiring an additional 1,062 shares during the period.

T. Rowe Price Intermediate Municipal Income ETF Price Performance

Shares of NASDAQ:TAXE opened at $49.94 on Thursday. T. Rowe Price Intermediate Municipal Income ETF has a 1-year low of $49.90 and a 1-year high of $52.03. The business’s 50 day moving average is $50.74 and its 200-day moving average is $51.07.

T. Rowe Price Intermediate Municipal Income ETF Increases Dividend

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

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.