Alliancebernstein L.P. Buys 1,576,902 Shares of AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM)

Alliancebernstein L.P. lifted its position in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 86.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,391,857 shares of the company’s stock after acquiring an additional 1,576,902 shares during the period. Alliancebernstein L.P. owned approximately 2.83% of AB Tax-Aware Intermediate Municipal ETF worth $85,730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Investment Counsel Inc bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth approximately $264,000. Silver Oak Securities Incorporated acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth approximately $317,000. Atria Investments Inc bought a new position in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth $449,000. Sanctuary Advisors LLC bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the third quarter worth $827,000. Finally, Americana Partners LLC increased its holdings in AB Tax-Aware Intermediate Municipal ETF by 5.7% in the 4th quarter. Americana Partners LLC now owns 102,308 shares of the company’s stock valued at $2,586,000 after buying an additional 5,551 shares during the period.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

Shares of TAFM opened at $25.28 on Friday. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.96 and a one year high of $25.94. The firm has a 50 day simple moving average of $25.35 and a two-hundred day simple moving average of $25.45.

About AB Tax-Aware Intermediate Municipal ETF

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.