Leverty Financial Group LLC Buys 83,692 Shares of AB Tax-Aware Intermediate Municipal ETF $TAFM

Leverty Financial Group LLC grew its stake in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 975.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,274 shares of the company’s stock after buying an additional 83,692 shares during the quarter. AB Tax-Aware Intermediate Municipal ETF makes up 0.6% 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 $2,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Advisory Services Network LLC lifted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 4.6% during the 2nd quarter. Advisory Services Network LLC now owns 35,242 shares of the company’s stock valued at $871,000 after buying an additional 1,538 shares in the last quarter. Capital Investment Counsel Inc increased its holdings in AB Tax-Aware Intermediate Municipal ETF by 12.8% in the 3rd quarter. Capital Investment Counsel Inc now owns 26,464 shares of the company’s stock worth $673,000 after acquiring an additional 3,000 shares in the last quarter. Osaic Holdings Inc. increased its holdings in AB Tax-Aware Intermediate Municipal ETF by 574.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock worth $94,000 after acquiring an additional 3,205 shares in the last quarter. HighTower Advisors LLC raised its stake in AB Tax-Aware Intermediate Municipal ETF by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 550,593 shares of the company’s stock worth $13,996,000 after acquiring an additional 5,838 shares during the period. Finally, Advisory Resource Group raised its stake in AB Tax-Aware Intermediate Municipal ETF by 5.7% during the 3rd quarter. Advisory Resource Group now owns 122,114 shares of the company’s stock worth $3,104,000 after acquiring an additional 6,591 shares during the period.

AB Tax-Aware Intermediate Municipal ETF Stock Up 0.0%

Shares of NYSEARCA:TAFM opened at $25.32 on Tuesday. AB Tax-Aware Intermediate Municipal ETF has a 1-year low of $24.04 and a 1-year high of $25.93. The firm’s 50 day simple moving average is $25.64 and its two-hundred day simple moving average is $25.53.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.0755 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

AB Tax-Aware Intermediate Municipal ETF 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.