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

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF – Get Free Report) shares saw unusually-strong trading volume on Tuesday. Approximately 239,071 shares traded hands during trading, an increase of 286% from the previous session’s volume of 61,867 shares. The stock last traded at $47.4980 and had previously closed at $47.35.

American Century Diversified Municipal Bond ETF Stock Performance

The stock has a 50 day moving average of $48.86 and a 200 day moving average of $49.86.

Institutional Trading of American Century Diversified Municipal Bond ETF

Several hedge funds have recently bought and sold shares of the company. First Heartland Consultants Inc. bought a new position in American Century Diversified Municipal Bond ETF in the 3rd quarter worth about $588,000. Avidian Wealth Enterprises LLC bought a new stake in American Century Diversified Municipal Bond ETF during the 3rd quarter valued at $235,000. Envestnet Asset Management Inc. boosted its position in American Century Diversified Municipal Bond ETF by 6.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,446,137 shares of the company’s stock worth $124,349,000 after acquiring an additional 145,628 shares during the period. Integrated Wealth Concepts LLC acquired a new position in American Century Diversified Municipal Bond ETF during the 2nd quarter worth $169,000. Finally, NewEdge Advisors LLC increased its holdings in shares of American Century Diversified Municipal Bond ETF by 9.1% during 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.

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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