LVW Advisors LLC Has $25.57 Million Stake in AB Tax-Aware Intermediate Municipal ETF $TAFM

LVW Advisors LLC grew its stake in shares of AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,005,869 shares of the company’s stock after purchasing an additional 38,423 shares during the period. AB Tax-Aware Intermediate Municipal ETF comprises about 2.6% of LVW Advisors LLC’s investment portfolio, making the stock its 12th largest holding. LVW Advisors LLC owned about 0.06% of AB Tax-Aware Intermediate Municipal ETF worth $25,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alliancebernstein L.P. lifted its holdings 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 valued at $192,390,000 after purchasing an additional 1,777,968 shares in the last quarter. HighTower Advisors LLC grew its holdings in 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 worth $13,996,000 after buying an additional 5,838 shares in the last quarter. FSM Wealth Advisors LLC grew its holdings in 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 worth $9,087,000 after buying an additional 63,681 shares in the last quarter. Envestnet Asset Management Inc. raised its position 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 valued at $5,733,000 after buying an additional 18,402 shares during the last quarter. Finally, Americana Partners LLC raised its position in AB Tax-Aware Intermediate Municipal ETF by 30.4% in the 3rd quarter. Americana Partners LLC now owns 199,203 shares of the company’s stock valued at $5,064,000 after buying an additional 46,493 shares during the last quarter.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA:TAFM opened at $25.15 on Friday. The stock’s fifty day simple moving average is $25.60 and its two-hundred day simple moving average is $25.53. AB Tax-Aware Intermediate Municipal ETF has a 1-year low of $24.04 and a 1-year high of $25.93.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

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

AB Tax-Aware Intermediate Municipal ETF Company 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.