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

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw an uptick in trading volume on Monday . Approximately 277,978 shares traded hands during mid-day 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 Trading Down 0.0%

The business’s fifty day moving average is $50.52 and its 200-day moving average is $50.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barnes Wealth Management Group Inc raised its stake in American Century Diversified Municipal Bond ETF by 5.6% in 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. Comerica Bank grew its stake in American Century Diversified Municipal Bond ETF by 2.2% in the 3rd quarter. Comerica Bank now owns 18,130 shares of the company’s stock worth $911,000 after buying an additional 396 shares in the last quarter. Westside Investment Management Inc. grew its stake in American Century Diversified Municipal Bond ETF by 2.4% in the 4th quarter. Westside Investment Management Inc. now owns 16,800 shares of the company’s stock worth $846,000 after buying an additional 400 shares in the last quarter. Stewardship Advisors LLC grew its stake in American Century Diversified Municipal Bond ETF by 6.6% in the 4th quarter. Stewardship Advisors LLC now owns 8,024 shares of the company’s stock worth $404,000 after buying an additional 497 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of American Century Diversified Municipal Bond ETF in the 1st quarter worth $25,000.

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.