10:42 AM EDT, 07/10/2024 (MT Newswires) -- T. Rowe Price Group ( TROW ) said it added a federally tax-free fixed income exchange-traded fund to its active ETF roster.

T. Rowe Price Intermediate Municipal Income ETF (TAXE) started trading Wednesday on the Nasdaq, according to the company.

The ETF strategy will focus on investment-grade intermediate-term municipal bonds with an average maturity between four to 12 years, T. Rowe said. The ETF has a net expense ratio of 0.24%.

Price: 115.44, Change: +0.97, Percent Change: +0.85