American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Reaches New 52-Week Low – Time to Sell?

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXFGet Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $48.81 and last traded at $48.87, with a volume of 50061 shares. The stock had previously closed at $49.00.

American Century Diversified Municipal Bond ETF Stock Down 0.3%

The stock has a fifty day moving average price of $49.99 and a two-hundred day moving average price of $50.32.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TAXF. Western Wealth Management LLC purchased a new position in American Century Diversified Municipal Bond ETF during the 1st quarter worth $25,000. Advisory Services Network LLC purchased a new stake in shares of American Century Diversified Municipal Bond ETF in the third quarter valued at about $103,000. Integrated Wealth Concepts LLC bought a new position in shares of American Century Diversified Municipal Bond ETF during the second quarter valued at about $169,000. Barnes Wealth Management Group Inc lifted its position in shares of American Century Diversified Municipal Bond ETF by 5.6% during the fourth quarter. Barnes Wealth Management Group Inc now owns 4,383 shares of the company’s stock valued at $221,000 after purchasing an additional 233 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in American Century Diversified Municipal Bond ETF during the third quarter worth about $232,000.

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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