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

Shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw unusually-strong trading volume on Monday . Approximately 277,978 shares changed hands during trading, an increase of 447% from the previous session’s volume of 50,793 shares.The stock last traded at $50.51 and had previously closed at $50.55.

American Century Diversified Municipal Bond ETF Stock Performance

The business’s 50 day moving average is $50.52 and its two-hundred day moving average is $50.58.

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. CWM LLC lifted its position in shares of American Century Diversified Municipal Bond ETF by 3.8% in the fourth quarter. CWM LLC now owns 1,389,743 shares of the company’s stock valued at $70,015,000 after acquiring an additional 51,206 shares in the last quarter. LPL Financial LLC raised its stake in American Century Diversified Municipal Bond ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 649,182 shares of the company’s stock valued at $32,706,000 after purchasing an additional 28,876 shares during the period. CX Institutional raised its stake in 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 valued at $21,773,000 after purchasing an additional 20,819 shares during the period. Goldstein Advisors LLC raised its stake in 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 valued at $20,762,000 after purchasing an additional 14,382 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its holdings in American Century Diversified Municipal Bond ETF by 926.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 394,034 shares of the company’s stock worth $19,280,000 after purchasing an additional 355,659 shares in the last quarter.

About American Century Diversified Municipal Bond ETF

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.