NorthRock Partners LLC Has $34.06 Million Stock Position in AB Tax-Aware Intermediate Municipal ETF $TAFM

NorthRock Partners LLC lowered its stake in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 5.1% during the third quarter, HoldingsChannel reports. The firm owned 1,339,891 shares of the company’s stock after selling 72,214 shares during the period. AB Tax-Aware Intermediate Municipal ETF accounts for approximately 0.6% of NorthRock Partners LLC’s holdings, making the stock its 28th biggest position. NorthRock Partners LLC owned approximately 0.09% of AB Tax-Aware Intermediate Municipal ETF worth $34,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its stake in AB Tax-Aware Intermediate Municipal ETF by 14.4% during the second quarter. Alliancebernstein L.P. now owns 5,790,470 shares of the company’s stock valued at $144,316,000 after buying an additional 730,283 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the third quarter worth about $4,394,000. Jane Street Group LLC increased its position in shares of AB Tax-Aware Intermediate Municipal ETF by 1,257.2% in the first quarter. Jane Street Group LLC now owns 136,208 shares of the company’s stock worth $3,428,000 after acquiring an additional 126,172 shares in the last quarter. Advisory Resource Group purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the second quarter worth approximately $2,879,000. Finally, LVW Advisors LLC raised its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 10.0% during the third quarter. LVW Advisors LLC now owns 967,446 shares of the company’s stock valued at $24,592,000 after acquiring an additional 88,135 shares during the period.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

TAFM stock opened at $25.55 on Friday. AB Tax-Aware Intermediate Municipal ETF has a 52-week low of $24.04 and a 52-week high of $25.93. The company’s 50 day simple moving average is $25.65 and its 200-day simple moving average is $25.49.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid 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.

About AB Tax-Aware Intermediate Municipal ETF

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.