Ausdal Financial Partners Inc. Has $3.59 Million Stake in AB Tax-Aware Intermediate Municipal ETF $TAFM

Ausdal Financial Partners Inc. lifted its stake in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 1,634.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,161 shares of the company’s stock after purchasing an additional 133,021 shares during the quarter. Ausdal Financial Partners Inc. owned 0.91% of AB Tax-Aware Intermediate Municipal ETF worth $3,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. grew its position in AB Tax-Aware Intermediate Municipal ETF by 30.7% during the third quarter. Alliancebernstein L.P. now owns 7,568,438 shares of the company’s stock valued at $192,390,000 after purchasing an additional 1,777,968 shares in the last quarter. Raymond James Financial Inc. lifted its position in AB Tax-Aware Intermediate Municipal ETF by 96.3% in the 3rd quarter. Raymond James Financial Inc. now owns 151,500 shares of the company’s stock worth $3,851,000 after buying an additional 74,308 shares in the last quarter. Private Advisor Group LLC lifted its position in AB Tax-Aware Intermediate Municipal ETF by 25.5% in the 3rd quarter. Private Advisor Group LLC now owns 58,444 shares of the company’s stock worth $1,486,000 after buying an additional 11,867 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 550,593 shares of the company’s stock valued at $13,996,000 after buying an additional 5,838 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 8.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 225,540 shares of the company’s stock valued at $5,733,000 after buying an additional 18,402 shares during the period.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

AB Tax-Aware Intermediate Municipal ETF stock opened at $25.55 on Monday. AB Tax-Aware Intermediate Municipal ETF has a 12 month low of $24.04 and a 12 month high of $25.93. The company’s fifty day simple moving average is $25.65 and its 200-day simple moving average is $25.50.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

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

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.