American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Strong Trading Volume – What’s Next?

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw unusually-strong trading volume on Monday . Approximately 55,355 shares were traded during trading, an increase of 10% from the previous session’s volume of 50,319 shares.The stock last traded at $48.5850 and had previously closed at $48.63.

American Century Diversified Municipal Bond ETF Trading Down 0.0%

The business has a 50-day simple moving average of $49.90 and a 200 day simple moving average of $50.29.

Hedge Funds Weigh In On American Century Diversified Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in TAXF. Goldstein Advisors LLC boosted its holdings in American Century Diversified Municipal Bond ETF by 3.6% in the fourth quarter. Goldstein Advisors LLC now owns 412,111 shares of the company’s stock valued at $20,762,000 after acquiring an additional 14,382 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of American Century Diversified Municipal Bond ETF by 93.9% during the first quarter. NewEdge Advisors LLC now owns 106,977 shares of the company’s stock valued at $5,354,000 after buying an additional 51,799 shares during the period. marrick wealth LLC purchased a new position in shares of American Century Diversified Municipal Bond ETF during the fourth quarter valued at about $619,000. Concurrent Investment Advisors LLC lifted its holdings in American Century Diversified Municipal Bond ETF by 318.4% in the second quarter. Concurrent Investment Advisors LLC now owns 18,829 shares of the company’s stock worth $957,000 after buying an additional 14,329 shares during the period. Finally, CX Institutional boosted its position in American Century Diversified Municipal Bond ETF by 5.1% during the 2nd quarter. CX Institutional now owns 428,304 shares of the company’s stock valued at $21,773,000 after acquiring an additional 20,819 shares in the last quarter.

American Century Diversified Municipal Bond ETF Company Profile

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.