T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Trading 0% Higher – Here’s What Happened

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE)’s share price shot up 0% on Friday . The company traded as high as $52.00 and last traded at $51.99. 4,252 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 15,981 shares. The stock had previously closed at $51.97.

T. Rowe Price Intermediate Municipal Income ETF Stock Performance

The company has a 50-day moving average of $51.45 and a 200-day moving average of $51.00.

T. Rowe Price Intermediate Municipal Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 26th. Investors of record on Tuesday, December 23rd were given a $0.1622 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This is an increase from T. Rowe Price Intermediate Municipal Income ETF’s previous dividend of $0.12.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Magnolia Capital Advisors LLC purchased a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the fourth quarter worth $204,000. Kestra Advisory Services LLC purchased a new position in T. Rowe Price Intermediate Municipal Income ETF in the 4th quarter worth $220,000. Envestnet Asset Management Inc. acquired a new stake in T. Rowe Price Intermediate Municipal Income ETF during the 3rd quarter worth about $231,000. Truist Financial Corp purchased a new stake in T. Rowe Price Intermediate Municipal Income ETF during the 3rd quarter valued at about $231,000. Finally, Jane Street Group LLC increased its holdings in shares of 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 purchasing an additional 1,062 shares during the period.

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.