Truist Financial Corp Has $6.07 Million Holdings in AB Tax-Aware Intermediate Municipal ETF $TAFM

Truist Financial Corp raised its stake in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 1,272.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,359 shares of the company’s stock after acquiring an additional 225,628 shares during the quarter. Truist Financial Corp owned about 2.05% of AB Tax-Aware Intermediate Municipal ETF worth $6,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TAFM. FSM Wealth Advisors LLC acquired a new stake in AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at about $1,266,000. Private Trust Co. NA acquired a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the first quarter valued at approximately $110,000. Capital Investment Counsel Inc increased its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 124.2% in the first quarter. Capital Investment Counsel Inc now owns 23,464 shares of the company’s stock valued at $590,000 after purchasing an additional 13,000 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 255.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 32,838 shares of the company’s stock valued at $826,000 after buying an additional 23,597 shares during the period. Finally, Alpha Cubed Investments LLC acquired a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at $223,000.

AB Tax-Aware Intermediate Municipal ETF Price Performance

NYSEARCA TAFM opened at $25.35 on Tuesday. The stock has a fifty day moving average of $25.01 and a 200-day moving average of $24.88. AB Tax-Aware Intermediate Municipal ETF has a 52 week low of $24.04 and a 52 week high of $25.79.

AB Tax-Aware Intermediate Municipal ETF Company 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.