Legacy Capital Wealth Partners LLC Buys 24,880 Shares of AB Tax-Aware Intermediate Municipal ETF $TAFM

Legacy Capital Wealth Partners LLC grew its stake in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 200.2% during the fourth quarter, HoldingsChannel reports. The firm owned 37,305 shares of the company’s stock after buying an additional 24,880 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in AB Tax-Aware Intermediate Municipal ETF were worth $948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 1,257.2% during the 1st quarter. Jane Street Group LLC now owns 136,208 shares of the company’s stock valued at $3,428,000 after purchasing an additional 126,172 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in AB Tax-Aware Intermediate Municipal ETF by 153.6% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 58,440 shares of the company’s stock valued at $1,456,000 after purchasing an additional 35,393 shares during the last quarter. Alliancebernstein L.P. boosted its position in AB Tax-Aware Intermediate Municipal ETF by 14.4% in the second quarter. Alliancebernstein L.P. now owns 5,790,470 shares of the company’s stock valued at $144,316,000 after buying an additional 730,283 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in AB Tax-Aware Intermediate Municipal ETF in the second quarter valued at approximately $1,924,000. Finally, Advisory Services Network LLC grew its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 4.6% during the second quarter. Advisory Services Network LLC now owns 35,242 shares of the company’s stock worth $871,000 after buying an additional 1,538 shares during the last quarter.

AB Tax-Aware Intermediate Municipal ETF Trading Down 0.0%

Shares of NYSEARCA:TAFM opened at $25.29 on Thursday. The company has a fifty day moving average of $25.59 and a 200-day moving average of $25.53. AB Tax-Aware Intermediate Municipal ETF has a 52-week low of $24.04 and a 52-week high of $25.93.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.0755 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a 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.