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

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw unusually-strong trading volume on Tuesday. 239,071 shares changed hands during mid-day 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’s 50-day moving average price is $48.76 and its two-hundred day moving average price is $49.82.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 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 valued at $124,349,000 after acquiring an additional 145,628 shares in the last quarter. NewEdge Advisors LLC raised its stake 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 valued at $5,354,000 after buying an additional 51,799 shares during the last quarter. Mather Group LLC. purchased a new position in shares of American Century Diversified Municipal Bond ETF in the 3rd quarter worth about $2,112,000. Allied Private Wealth LLC purchased a new position in shares of American Century Diversified Municipal Bond ETF in the 2nd quarter worth about $2,214,000. Finally, CX Institutional boosted its stake 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 purchasing an additional 20,819 shares in the last quarter.

American Century Diversified Municipal Bond ETF Company 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.