Leverty Financial Group LLC Increases Stock Position in AB Tax-Aware Intermediate Municipal ETF $TAFM

Leverty Financial Group LLC boosted its holdings in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 975.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,274 shares of the company’s stock after acquiring an additional 83,692 shares during the quarter. AB Tax-Aware Intermediate Municipal ETF accounts for approximately 0.6% of Leverty Financial Group LLC’s holdings, making the stock its 13th largest position. Leverty Financial Group LLC owned approximately 0.52% of AB Tax-Aware Intermediate Municipal ETF worth $2,346,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Alliancebernstein L.P. raised its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 30.7% in the third quarter. Alliancebernstein L.P. now owns 7,568,438 shares of the company’s stock worth $192,390,000 after purchasing an additional 1,777,968 shares during the last quarter. LVW Advisors LLC lifted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 10.0% during the third quarter. LVW Advisors LLC now owns 967,446 shares of the company’s stock valued at $24,592,000 after purchasing an additional 88,135 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 1.1% during the third quarter. HighTower Advisors LLC now owns 550,593 shares of the company’s stock valued at $13,996,000 after buying an additional 5,838 shares during the last quarter. FSM Wealth Advisors LLC boosted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 21.7% during the third quarter. FSM Wealth Advisors LLC now owns 357,492 shares of the company’s stock valued at $9,087,000 after buying an additional 63,681 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in AB Tax-Aware Intermediate Municipal ETF by 8.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 225,540 shares of the company’s stock worth $5,733,000 after buying an additional 18,402 shares in the last quarter.

AB Tax-Aware Intermediate Municipal ETF Trading Up 0.0%

NYSEARCA TAFM opened at $25.32 on Tuesday. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.04 and a one year high of $25.93. The stock has a 50-day moving average of $25.64 and a 200 day moving average of $25.53.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.0755 dividend. 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.