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

Shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw strong trading volume on Thursday . 275,586 shares traded hands during mid-day trading, an increase of 420% from the previous session’s volume of 52,949 shares.The stock last traded at $47.9040 and had previously closed at $48.02.

American Century Diversified Municipal Bond ETF Trading Down 0.4%

The firm has a fifty day moving average of $49.55 and a 200-day moving average of $50.13.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in TAXF. Envestnet Asset Management Inc. increased its holdings in American Century Diversified Municipal Bond ETF by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,446,137 shares of the company’s stock worth $124,349,000 after buying an additional 145,628 shares during the last quarter. CX Institutional grew its position in shares of American Century Diversified Municipal Bond ETF by 5.1% in 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 during the period. Goldstein Advisors LLC increased its stake in shares of American Century Diversified Municipal Bond ETF by 3.6% during the 4th quarter. Goldstein Advisors LLC now owns 412,111 shares of the company’s stock worth $20,762,000 after purchasing an additional 14,382 shares during the last quarter. IFP Advisors Inc increased its stake in shares of American Century Diversified Municipal Bond ETF by 6.8% during the 2nd quarter. IFP Advisors Inc now owns 148,181 shares of the company’s stock worth $7,533,000 after purchasing an additional 9,463 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of American Century Diversified Municipal Bond ETF by 9.1% in the 2nd quarter. NewEdge Advisors LLC now owns 116,750 shares of the company’s stock valued at $5,935,000 after purchasing an additional 9,773 shares during the period.

About American Century Diversified Municipal Bond ETF

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.