T. Rowe Price Intermediate Municipal Income ETFT. Rowe Price Intermediate Municipal Income ETFT. Rowe Price Intermediate Municipal Income ETF

T. Rowe Price Intermediate Municipal Income ETF

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Key stats


Assets under management (AUM)
‪97.12 M‬USD
Fund flows (1Y)
‪72.05 M‬USD
Dividend yield (indicated)
3.45%
Discount/Premium to NAV
0.2%
Shares outstanding
‪1.90 M‬
Expense ratio
0.24%

About T. Rowe Price Intermediate Municipal Income ETF


Brand
T. Rowe Price
Inception date
Jul 10, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
T. Rowe Price Associates, Inc. (IM)
Distributor
T. Rowe Price Investment Services, Inc.
ISIN
US87283Q8188
TAXE aims to generate the highest level of income exempt from federal income taxes, while managing moderate price fluctuations. Investment decisions are based on the portfolio manager's outlook on interest rates and economic conditions, as well as evaluations of prices, yields, and the credit quality of securities. The portfolio primarily consists of investment-grade municipal securities, though junk bonds are also considered for potentially higher yields. The funds weighted average effective maturity ranges from four to twelve years. While it mainly invests in tax-exempt securities, it may also hold securities subject to the alternative minimum tax (AMT). Investments are often concentrated in sectors such as healthcare, transportation, utilities, and private activity bonds, with potential significant exposure to certain states.

Broaden your horizons with more funds linked to this ETF via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Broad credit
Niche
Intermediate
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal97.11%
Cash2.89%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TAXE trades at 51.17 USD today, its price has fallen −0.03% in the past 24 hours. Track more dynamics on TAXE price chart.
TAXE net asset value is 51.08 today — it's risen 0.77% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
TAXE assets under management is ‪97.12 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
TAXE price has risen by 0.44% over the last month, and its yearly performance shows a 1.49% increase. See more dynamics on TAXE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.77% over the last month, showed a 3.34% increase in three-month performance and has increased by 5.28% in a year.
TAXE fund flows account for ‪72.05 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TAXE invests in bonds. See more details in our Analysis section.
TAXE expense ratio is 0.24%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, TAXE isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, TAXE technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating TAXE shows the buy signal. See more of TAXE technicals for a more comprehensive analysis.
Yes, TAXE pays dividends to its holders with the dividend yield of 3.45%.
TAXE trades at a premium (0.18%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
TAXE shares are issued by T. Rowe Price Group, Inc.
TAXE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 10, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.