Pursuit Wealth Management LLC Invests $4.11 Million in American Century Diversified Municipal Bond ETF $TAXF

Pursuit Wealth Management LLC purchased a new position in shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 81,546 shares of the company’s stock, valued at approximately $4,108,000. American Century Diversified Municipal Bond ETF makes up approximately 3.5% of Pursuit Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Pursuit Wealth Management LLC owned approximately 0.74% of American Century Diversified Municipal Bond ETF at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TAXF. Orion Porfolio Solutions LLC lifted its stake in shares of 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 worth $19,280,000 after purchasing an additional 355,659 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of American Century Diversified Municipal Bond ETF by 477.4% during 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 last quarter. CWM LLC raised its stake in American Century Diversified Municipal Bond ETF by 19.2% in the third quarter. CWM LLC now owns 1,338,537 shares of the company’s stock valued at $67,235,000 after buying an additional 215,597 shares during the last quarter. CX Institutional grew its stake in shares of American Century Diversified Municipal Bond ETF by 34.8% during the third quarter. CX Institutional now owns 393,705 shares of the company’s stock worth $19,776,000 after acquiring an additional 101,677 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of American Century Diversified Municipal Bond ETF during the third quarter worth about $2,778,000.

American Century Diversified Municipal Bond ETF Stock Performance

Shares of TAXF stock opened at $50.34 on Thursday. American Century Diversified Municipal Bond ETF has a fifty-two week low of $47.90 and a fifty-two week high of $51.42. The stock’s 50-day simple moving average is $50.61 and its 200-day simple moving average is $50.55.

American Century Diversified Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 9th. Investors of record on Thursday, February 5th were given a dividend of $0.193 per share. This is an increase from American Century Diversified Municipal Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Thursday, February 5th.

American Century Diversified Municipal Bond ETF 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.