NewEdge Advisors LLC lowered its holdings in shares of AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Free Report) by 40.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,179 shares of the company’s stock after selling 22,130 shares during the quarter. NewEdge Advisors LLC owned approximately 0.16% of AB Tax-Aware Intermediate Municipal ETF worth $839,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of TAFM. Comerica Bank purchased a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the fourth quarter valued at approximately $90,000. Fifth Third Bancorp purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 1st quarter valued at approximately $89,000. Osaic Holdings Inc. lifted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 574.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock valued at $94,000 after buying an additional 3,205 shares in the last quarter. Huntington National Bank acquired a new stake in AB Tax-Aware Intermediate Municipal ETF in the 4th quarter valued at $227,000. Finally, OLD Mission Capital LLC acquired a new stake in AB Tax-Aware Intermediate Municipal ETF in the 4th quarter valued at $392,000.
AB Tax-Aware Intermediate Municipal ETF Price Performance
Shares of NYSEARCA TAFM opened at $25.12 on Wednesday. The firm has a fifty day moving average of $25.41 and a 200 day moving average of $25.48. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.62 and a one year high of $25.93.
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.
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