Truist Financial Corp Has $7.05 Million Stock Holdings in AB Tax-Aware Intermediate Municipal ETF $TAFM

Truist Financial Corp raised its stake in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) by 21.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 277,440 shares of the company’s stock after buying an additional 49,930 shares during the quarter. Truist Financial Corp’s holdings in AB Tax-Aware Intermediate Municipal ETF were worth $7,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TAFM. Jane Street Group LLC raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 1,257.2% in the 1st quarter. Jane Street Group LLC now owns 136,208 shares of the company’s stock valued at $3,428,000 after acquiring an additional 126,172 shares in the last quarter. Alliancebernstein L.P. raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 14.4% in the 2nd quarter. Alliancebernstein L.P. now owns 5,790,470 shares of the company’s stock valued at $144,316,000 after acquiring an additional 730,283 shares in the last quarter. Raymond James Financial Inc. acquired a new position in AB Tax-Aware Intermediate Municipal ETF in the 2nd quarter valued at $1,924,000. Advisory Services Network LLC raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 4.6% in the 2nd quarter. Advisory Services Network LLC now owns 35,242 shares of the company’s stock valued at $871,000 after acquiring an additional 1,538 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 574.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock worth $94,000 after buying an additional 3,205 shares in the last quarter.

AB Tax-Aware Intermediate Municipal ETF Price Performance

AB Tax-Aware Intermediate Municipal ETF stock opened at $25.47 on Friday. AB Tax-Aware Intermediate Municipal ETF has a 52 week low of $24.51 and a 52 week high of $25.93. The stock has a fifty day moving average of $25.49 and a 200-day moving average of $25.54.

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.