Financial Insights Inc. Invests $247,000 in AB Tax-Aware Long Municipal ETF $TAFL

Financial Insights Inc. purchased a new position in AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 10,074 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors also recently bought and sold shares of the company. McAdam LLC purchased a new position in AB Tax-Aware Long Municipal ETF during the 2nd quarter worth $2,533,000. Wealth Enhancement Advisory Services LLC increased its holdings in 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 purchasing an additional 13,320 shares during the period. Capital Investment Counsel Inc increased its holdings in AB Tax-Aware Long Municipal ETF by 133.3% during the 1st quarter. Capital Investment Counsel Inc now owns 14,000 shares of the company’s stock worth $348,000 after purchasing an additional 8,000 shares during the period. Finally, Capital Investment Advisory Services LLC purchased a new position in AB Tax-Aware Long Municipal ETF during the 1st quarter worth $30,000.

AB Tax-Aware Long Municipal ETF Stock Performance

TAFL opened at $24.95 on Friday. The stock’s fifty day moving average is $24.46 and its two-hundred day moving average is $24.38. AB Tax-Aware Long Municipal ETF has a 52 week low of $23.40 and a 52 week high of $25.78.

AB Tax-Aware Long Municipal ETF Company Profile

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.