Envestnet Asset Management Inc. Has $710,000 Stock Position in AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL)

Envestnet Asset Management Inc. boosted its holdings in AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,227 shares of the company’s stock after buying an additional 788 shares during the quarter. Envestnet Asset Management Inc. owned approximately 2.57% of AB Tax-Aware Long Municipal ETF worth $710,000 at the end of the most recent reporting period.

Separately, Alliancebernstein L.P. increased its position in AB Tax-Aware Long Municipal ETF by 15.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,151,369 shares of the company’s stock worth $28,974,000 after purchasing an additional 155,992 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Stock Performance

Shares of AB Tax-Aware Long Municipal ETF stock opened at $24.39 on Friday. AB Tax-Aware Long Municipal ETF has a fifty-two week low of $23.40 and a fifty-two week high of $25.95. The company’s 50 day moving average price is $24.71 and its two-hundred day moving average price is $25.10.

AB Tax-Aware Long Municipal ETF Company Profile

The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.