Beacon Pointe Advisors LLC boosted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Free Report) by 153.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,440 shares of the company’s stock after purchasing an additional 35,393 shares during the quarter. Beacon Pointe Advisors LLC owned about 0.49% of AB Tax-Aware Intermediate Municipal ETF worth $1,456,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Landmark Wealth Management LLC acquired a new position in AB Tax-Aware Intermediate Municipal ETF during the 2nd quarter valued at $497,000. Wealthcare Advisory Partners LLC bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 2nd quarter worth about $551,000. Concurrent Investment Advisors LLC bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 2nd quarter worth about $1,278,000. Integrated Wealth Concepts LLC acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the first quarter valued at about $2,059,000. Finally, Advisory Resource Group bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the 2nd quarter worth approximately $2,879,000.
AB Tax-Aware Intermediate Municipal ETF Price Performance
Shares of NYSEARCA:TAFM opened at $25.45 on Friday. AB Tax-Aware Intermediate Municipal ETF has a 1-year low of $24.04 and a 1-year high of $25.85. The business’s 50 day moving average is $25.51 and its 200-day moving average is $25.08.
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.
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