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

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) shares saw an uptick in trading volume on Wednesday. Approximately 205,341 shares traded hands during mid-day trading, an increase of 263% from the previous session’s volume of 56,643 shares. The stock last traded at $47.4670 and had previously closed at $46.98.

American Century Diversified Municipal Bond ETF Stock Performance

The firm has a 50-day moving average price of $49.31 and a 200-day moving average price of $50.04.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in 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 worth $5,354,000 after buying an additional 51,799 shares in the last quarter. Goldstein Advisors LLC increased its holdings in shares of 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 buying an additional 14,382 shares in the last quarter. marrick wealth LLC acquired a new stake in shares of American Century Diversified Municipal Bond ETF during the 4th quarter valued at $619,000. Concurrent Investment Advisors LLC lifted its position in shares of American Century Diversified Municipal Bond ETF by 318.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 18,829 shares of the company’s stock valued at $957,000 after acquiring an additional 14,329 shares during the last quarter. Finally, CX Institutional boosted its stake in shares of 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 worth $21,773,000 after acquiring an additional 20,819 shares in the last quarter.

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.