Leverty Financial Group LLC boosted its position in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Free Report) by 217.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 238,217 shares of the company’s stock after buying an additional 163,099 shares during the period. AB Tax-Aware Intermediate Municipal ETF comprises about 1.1% of Leverty Financial Group LLC’s portfolio, making the stock its 13th biggest holding. Leverty Financial Group LLC’s holdings in AB Tax-Aware Intermediate Municipal ETF were worth $5,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the first quarter worth $89,000. PMG Wealth Management Inc. acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the first quarter valued at about $468,000. NewEdge Advisors LLC grew its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 4.8% in the second quarter. NewEdge Advisors LLC now owns 34,774 shares of the company’s stock valued at $893,000 after acquiring an additional 1,595 shares in the last quarter. Barnes Pettey Financial Advisors LLC increased its position in AB Tax-Aware Intermediate Municipal ETF by 18.4% during the first quarter. Barnes Pettey Financial Advisors LLC now owns 37,369 shares of the company’s stock worth $945,000 after acquiring an additional 5,807 shares during the period. Finally, Kestra Advisory Services LLC increased its position in AB Tax-Aware Intermediate Municipal ETF by 21.9% during the first quarter. Kestra Advisory Services LLC now owns 46,873 shares of the company’s stock worth $1,186,000 after acquiring an additional 8,429 shares during the period.
AB Tax-Aware Intermediate Municipal ETF Price Performance
AB Tax-Aware Intermediate Municipal ETF stock traded down $0.04 during midday trading on Thursday, hitting $23.75. The company’s stock had a trading volume of 6,806,501 shares, compared to its average volume of 243,337. AB Tax-Aware Intermediate Municipal ETF has a 1-year low of $23.72 and a 1-year high of $25.93. The company has a 50-day moving average price of $24.74 and a two-hundred day moving average price of $25.19.
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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