Envestnet Asset Management Inc. Purchases 38,561 Shares of AB Tax-Aware Long Municipal ETF $TAFL

Envestnet Asset Management Inc. lifted its holdings in AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) by 176.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,455 shares of the company’s stock after acquiring an additional 38,561 shares during the period. Envestnet Asset Management Inc. owned approximately 4.84% of AB Tax-Aware Long Municipal ETF worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TAFL. McAdam LLC bought a new stake in AB Tax-Aware Long Municipal ETF in the second quarter worth approximately $2,533,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of AB Tax-Aware Long Municipal ETF by 33.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 53,495 shares of the company’s stock worth $1,299,000 after buying an additional 13,320 shares in the last quarter. Finally, Financial Insights Inc. acquired a new stake in shares of AB Tax-Aware Long Municipal ETF during the 2nd quarter worth approximately $247,000.

AB Tax-Aware Long Municipal ETF Trading Down 0.3%

NYSEARCA:TAFL opened at $25.10 on Thursday. AB Tax-Aware Long Municipal ETF has a twelve month low of $23.40 and a twelve month high of $25.78. The company has a fifty day moving average of $25.12 and a 200-day moving average of $24.54.

About AB Tax-Aware Long Municipal ETF

The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.