Truist Financial Corp Acquires 49,930 Shares of AB Tax-Aware Intermediate Municipal ETF $TAFM

Truist Financial Corp lifted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 21.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 277,440 shares of the company’s stock after acquiring an additional 49,930 shares during the quarter. Truist Financial Corp owned approximately 1.50% of AB Tax-Aware Intermediate Municipal ETF worth $7,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Barnes Pettey Financial Advisors LLC bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth approximately $802,000. Comerica Bank bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth approximately $90,000. Concurrent Investment Advisors LLC boosted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 23.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 80,187 shares of the company’s stock worth $2,038,000 after acquiring an additional 15,086 shares during the period. FSM Wealth Advisors LLC boosted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 23.9% during the 4th quarter. FSM Wealth Advisors LLC now owns 443,104 shares of the company’s stock worth $11,264,000 after acquiring an additional 85,612 shares during the period. Finally, Capital Investment Counsel Inc boosted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 34.0% during the 4th quarter. Capital Investment Counsel Inc now owns 35,464 shares of the company’s stock worth $901,000 after acquiring an additional 9,000 shares during the period.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA TAFM opened at $25.47 on Friday. AB Tax-Aware Intermediate Municipal ETF has a 12 month low of $24.51 and a 12 month high of $25.93. The stock has a 50 day moving average of $25.49 and a 200-day moving average of $25.54.

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.