American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Strong Trading Volume – Should You Buy?

Shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXFGet Free Report) saw unusually-high trading volume on Monday . Approximately 277,978 shares traded hands during mid-day trading, an increase of 447% from the previous session’s volume of 50,793 shares.The stock last traded at $50.51 and had previously closed at $50.55.

American Century Diversified Municipal Bond ETF Stock Performance

The company’s 50-day simple moving average is $50.52 and its 200 day simple moving average is $50.58.

Institutional Trading of American Century Diversified Municipal Bond ETF

Hedge funds have recently made changes to their positions in the business. Orion Porfolio Solutions LLC grew its holdings in American Century Diversified Municipal Bond ETF by 926.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 394,034 shares of the company’s stock valued at $19,280,000 after purchasing an additional 355,659 shares during the last quarter. Jane Street Group LLC raised its position in American Century Diversified Municipal Bond ETF by 477.4% in the 2nd quarter. Jane Street Group LLC now owns 319,153 shares of the company’s stock worth $15,616,000 after purchasing an additional 263,876 shares during the period. Pursuit Wealth Management LLC bought a new stake in American Century Diversified Municipal Bond ETF in the fourth quarter worth about $4,108,000. Ameriprise Financial Inc. bought a new stake in American Century Diversified Municipal Bond ETF in the third quarter worth about $2,778,000. Finally, NewEdge Advisors LLC boosted 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.

American Century Diversified Municipal Bond ETF Company Profile

(Get Free Report)

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.

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