Vestmark Advisory Solutions Inc. bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 191,023 shares of the company’s stock, valued at approximately $4,761,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TAFM. Landmark Wealth Management LLC acquired a new stake in AB Tax-Aware Intermediate Municipal ETF in the 2nd quarter worth about $497,000. Wealthcare Advisory Partners LLC purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the second quarter valued at approximately $551,000. Envestnet Asset Management Inc. lifted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 255.4% in the first quarter. Envestnet Asset Management Inc. now owns 32,838 shares of the company’s stock valued at $826,000 after acquiring an additional 23,597 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in AB Tax-Aware Intermediate Municipal ETF in the 2nd quarter valued at $1,278,000. Finally, Integrated Wealth Concepts LLC acquired a new position in AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at $2,059,000.
AB Tax-Aware Intermediate Municipal ETF Stock Performance
Shares of TAFM stock opened at $25.54 on Friday. AB Tax-Aware Intermediate Municipal ETF has a fifty-two week low of $24.04 and a fifty-two week high of $25.79. The stock’s fifty day moving average is $25.39 and its two-hundred day moving average is $24.99.
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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