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Stock impact report

AllianceBernstein Finalizes New Municipal ETF Conversion [Yahoo! Finance]

AllianceBernstein Holding L.P. Units (AB) 
Last alliancebernstein holding l.p. units earnings: 4/28 06:20 am Check Earnings Report
Company Research Source: Yahoo! Finance
global investment management firm, announced today the launch of AB California Intermediate Municipal ETF ("CAM") as an actively managed exchange-traded fund (ETF) on the New York Stock Exchange . Global trading firm Jane Street is the Lead Market Maker for the Fund. "Today, we announce the launch of our California Intermediate Municipal ETF – a direct response to client requests for state-specific options, leveraging our strong expertise in municipal bonds," said AB's Global Head of ETFs & Portfolio Solutions Noel Archard. "In creating our initial trio of municipal ETFs, we prioritized versatility, ensuring they could function both as long-term investment vehicles and as liquidity sleeves within municipal portfolios. We are proud to offer a tailored investment opportunity that aligns with our clients' needs and enhances their portfolio strategies." CAM is an actively managed ETF whose investment objective is to provide safety of principal and maximize total return after taking ac Show less Read more
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