NewEdge Advisors LLC Cuts Stock Holdings in AB Tax-Aware Intermediate Municipal ETF $TAFM

NewEdge Advisors LLC lowered its position in shares of AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 40.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,179 shares of the company’s stock after selling 22,130 shares during the quarter. NewEdge Advisors LLC’s holdings in AB Tax-Aware Intermediate Municipal ETF were worth $839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TAFM. Fifth Third Bancorp acquired a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the first quarter worth approximately $89,000. Kestra Advisory Services LLC lifted its holdings in AB Tax-Aware Intermediate Municipal ETF by 21.9% in the 1st quarter. Kestra Advisory Services LLC now owns 46,873 shares of the company’s stock valued at $1,186,000 after purchasing an additional 8,429 shares in the last quarter. Private Advisor Group LLC boosted its stake in AB Tax-Aware Intermediate Municipal ETF by 19.3% during the 1st quarter. Private Advisor Group LLC now owns 73,148 shares of the company’s stock worth $1,850,000 after purchasing an additional 11,821 shares during the last quarter. Barnes Pettey Financial Advisors LLC boosted its stake in AB Tax-Aware Intermediate Municipal ETF by 18.4% during the 1st quarter. Barnes Pettey Financial Advisors LLC now owns 37,369 shares of the company’s stock worth $945,000 after purchasing an additional 5,807 shares during the last quarter. Finally, PMG Wealth Management Inc. purchased a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the first quarter worth $468,000.

AB Tax-Aware Intermediate Municipal ETF Trading Down 0.3%

Shares of NYSEARCA TAFM opened at $25.12 on Wednesday. The firm has a 50-day simple moving average of $25.41 and a 200-day simple moving average of $25.48. AB Tax-Aware Intermediate Municipal ETF has a 52 week low of $24.62 and a 52 week high of $25.93.

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.