American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Reaches New 12-Month Low – Time to Sell?

Shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXFGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $48.41 and last traded at $48.4490, with a volume of 51293 shares. The stock had previously closed at $48.47.

American Century Diversified Municipal Bond ETF Price Performance

The firm has a fifty day simple moving average of $49.81 and a 200 day simple moving average of $50.25.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. CX Institutional increased its holdings in 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 worth $21,773,000 after acquiring an additional 20,819 shares in the last quarter. Goldstein Advisors LLC raised its position in American Century Diversified Municipal Bond ETF by 3.6% during the fourth quarter. Goldstein Advisors LLC now owns 412,111 shares of the company’s stock worth $20,762,000 after acquiring an additional 14,382 shares during the period. Condor Capital Management lifted its holdings in American Century Diversified Municipal Bond ETF by 1.0% during the fourth quarter. Condor Capital Management now owns 168,085 shares of the company’s stock valued at $8,468,000 after purchasing an additional 1,667 shares in the last quarter. IFP Advisors Inc lifted its holdings in American Century Diversified Municipal Bond ETF by 6.8% during the second quarter. IFP Advisors Inc now owns 148,181 shares of the company’s stock valued at $7,533,000 after purchasing an additional 9,463 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of American Century Diversified Municipal Bond ETF by 9.1% in the second 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

(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.

Further Reading

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