Alliancebernstein L.P. Grows Stake in AB Tax-Aware Intermediate Municipal ETF $TAFM

Alliancebernstein L.P. grew its holdings in shares of AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 30.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,568,438 shares of the company’s stock after buying an additional 1,777,968 shares during the period. Alliancebernstein L.P. owned 48.83% of AB Tax-Aware Intermediate Municipal ETF worth $192,390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TAFM. Raymond James Financial Inc. lifted its stake in AB Tax-Aware Intermediate Municipal ETF by 96.3% in the third quarter. Raymond James Financial Inc. now owns 151,500 shares of the company’s stock worth $3,851,000 after acquiring an additional 74,308 shares during the period. Private Advisor Group LLC increased its position in AB Tax-Aware Intermediate Municipal ETF by 25.5% during the 3rd quarter. Private Advisor Group LLC now owns 58,444 shares of the company’s stock valued at $1,486,000 after purchasing an additional 11,867 shares during the period. HighTower Advisors LLC increased its position in 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 purchasing an additional 5,838 shares during the period. Envestnet Asset Management Inc. raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 8.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 225,540 shares of the company’s stock worth $5,733,000 after purchasing an additional 18,402 shares in the last quarter. Finally, Capital Investment Counsel Inc raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 12.8% in the 3rd quarter. Capital Investment Counsel Inc now owns 26,464 shares of the company’s stock worth $673,000 after purchasing an additional 3,000 shares in the last quarter.

AB Tax-Aware Intermediate Municipal ETF Price Performance

NYSEARCA:TAFM opened at $25.55 on Tuesday. The company has a 50-day moving average price of $25.65 and a 200-day moving average price of $25.51. AB Tax-Aware Intermediate Municipal ETF has a 12 month low of $24.04 and a 12 month high of $25.93.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

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

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.