NorthRock Partners LLC Grows Stake in AB Tax-Aware Intermediate Municipal ETF $TAFM

NorthRock Partners LLC increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 211.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,874,626 shares of the company’s stock after purchasing an additional 2,632,091 shares during the period. AB Tax-Aware Intermediate Municipal ETF accounts for approximately 1.5% of NorthRock Partners LLC’s investment portfolio, making the stock its 16th biggest position. NorthRock Partners LLC owned approximately 13.89% of AB Tax-Aware Intermediate Municipal ETF worth $99,500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in AB Tax-Aware Intermediate Municipal ETF in the 1st quarter worth about $89,000. Comerica Bank purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the fourth quarter valued at approximately $90,000. Osaic Holdings Inc. lifted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 574.4% in the second quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock valued at $94,000 after acquiring an additional 3,205 shares in the last quarter. Huntington National Bank acquired a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the fourth quarter worth approximately $227,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the fourth quarter worth approximately $392,000.

AB Tax-Aware Intermediate Municipal ETF Trading Down 0.1%

Shares of TAFM opened at $24.75 on Wednesday. The stock has a 50 day moving average price of $25.23 and a 200 day moving average price of $25.40. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.74 and a one year high of $25.93.

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.