Capital Investment Counsel Inc Buys New Position in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM)

Capital Investment Counsel Inc bought a new position in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,464 shares of the company’s stock, valued at approximately $264,000. Capital Investment Counsel Inc owned approximately 0.87% of AB Tax-Aware Intermediate Municipal ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the fourth quarter valued at about $317,000. Sanctuary Advisors LLC bought a new stake in AB Tax-Aware Intermediate Municipal ETF in the 3rd quarter valued at about $827,000. Americana Partners LLC raised its stake in AB Tax-Aware Intermediate Municipal ETF by 5.7% during the 4th quarter. Americana Partners LLC now owns 102,308 shares of the company’s stock worth $2,586,000 after buying an additional 5,551 shares during the period. Finally, LVW Advisors LLC bought a new position in AB Tax-Aware Intermediate Municipal ETF in the fourth quarter worth approximately $10,140,000.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of AB Tax-Aware Intermediate Municipal ETF stock opened at $25.40 on Friday. AB Tax-Aware Intermediate Municipal ETF has a 52 week low of $24.96 and a 52 week high of $25.94. The stock has a 50 day moving average price of $25.30 and a two-hundred day moving average price of $25.52.

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.