American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Large Volume Increase – Here’s Why

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) shares saw unusually-strong trading volume on Thursday. Approximately 275,586 shares were traded during mid-day trading, an increase of 420% from the previous session’s volume of 52,949 shares. The stock last traded at $47.9040 and had previously closed at $48.02.

American Century Diversified Municipal Bond ETF Price Performance

The stock has a fifty day simple moving average of $49.44 and a two-hundred day simple moving average of $50.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in American Century Diversified Municipal Bond ETF by 6.3% in the second 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 during the period. CX Institutional boosted its position in shares of American Century Diversified Municipal Bond ETF by 5.1% during 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. Goldstein Advisors LLC grew its stake in shares of American Century Diversified Municipal Bond ETF by 3.6% during the 4th quarter. Goldstein Advisors LLC now owns 412,111 shares of the company’s stock worth $20,762,000 after purchasing an additional 14,382 shares during the period. IFP Advisors Inc grew its stake in shares of American Century Diversified Municipal Bond ETF by 6.8% during the 2nd quarter. IFP Advisors Inc now owns 148,181 shares of the company’s stock worth $7,533,000 after purchasing an additional 9,463 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of American Century Diversified Municipal Bond ETF by 9.1% in the 2nd 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 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.