AB Tax-Aware Intermediate Municipal ETF $TAFM Stake Decreased by NorthRock Partners LLC

NorthRock Partners LLC cut its holdings in shares of AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,339,891 shares of the company’s stock after selling 72,214 shares during the period. AB Tax-Aware Intermediate Municipal ETF makes up about 0.6% of NorthRock Partners LLC’s investment portfolio, making the stock its 28th largest holding. NorthRock Partners LLC owned about 8.64% of AB Tax-Aware Intermediate Municipal ETF worth $34,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Osaic Holdings Inc. increased its position in AB Tax-Aware Intermediate Municipal ETF by 574.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock valued at $94,000 after acquiring an additional 3,205 shares during the period. Huntleigh Advisors Inc. acquired a new position in AB Tax-Aware Intermediate Municipal ETF during the 3rd quarter worth $234,000. Capital Investment Counsel Inc boosted its position in AB Tax-Aware Intermediate Municipal ETF by 12.8% during the 3rd quarter. Capital Investment Counsel Inc now owns 26,464 shares of the company’s stock worth $673,000 after acquiring an additional 3,000 shares during the period. Advisory Services Network LLC grew its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 4.6% in the second quarter. Advisory Services Network LLC now owns 35,242 shares of the company’s stock worth $871,000 after purchasing an additional 1,538 shares in the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 153.6% in the second quarter. Beacon Pointe Advisors LLC now owns 58,440 shares of the company’s stock worth $1,456,000 after purchasing an additional 35,393 shares in the last quarter.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of TAFM opened at $25.55 on Friday. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.04 and a one year high of $25.93. The stock’s fifty day moving average is $25.65 and its 200-day moving average is $25.49.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.0755 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

AB Tax-Aware Intermediate Municipal ETF Profile

The AB Tax-Aware Intermediate Municipal ETF (TAFM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that primarily invests in investment grade municipal bonds from the US. The fund seeks to maintain an effective duration of 4 to 7 years TAFM was launched on Dec 13, 2023 and is issued by AB Funds.