NorthRock Partners LLC Buys New Holdings in AB Tax-Aware Intermediate Municipal ETF $TAFM

NorthRock Partners LLC bought a new stake in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,412,105 shares of the company’s stock, valued at approximately $35,194,000. AB Tax-Aware Intermediate Municipal ETF makes up approximately 0.9% of NorthRock Partners LLC’s holdings, making the stock its 23rd largest holding. NorthRock Partners LLC owned approximately 11.82% of AB Tax-Aware Intermediate Municipal ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TAFM. FSM Wealth Advisors LLC bought a new stake in AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at about $1,266,000. Private Trust Co. NA bought a new stake in AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at about $110,000. Capital Investment Counsel Inc increased its position in AB Tax-Aware Intermediate Municipal ETF by 124.2% in the 1st quarter. Capital Investment Counsel Inc now owns 23,464 shares of the company’s stock valued at $590,000 after buying an additional 13,000 shares in the last quarter. Envestnet Asset Management Inc. increased its position in AB Tax-Aware Intermediate Municipal ETF by 255.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 32,838 shares of the company’s stock valued at $826,000 after buying an additional 23,597 shares in the last quarter. Finally, Alpha Cubed Investments LLC bought a new stake in AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at about $223,000.

AB Tax-Aware Intermediate Municipal ETF Stock Up 0.2%

Shares of AB Tax-Aware Intermediate Municipal ETF stock opened at $25.42 on Monday. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.04 and a one year high of $25.79. The business has a 50-day simple moving average of $25.06 and a 200 day simple moving average of $24.89.

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.