American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Large Volume Increase – What’s Next?

Shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw unusually-high trading volume on Wednesday. Approximately 205,341 shares were traded during mid-day trading, an increase of 263% from the previous session’s volume of 56,643 shares. The stock last traded at $47.4670 and had previously closed at $46.98.

American Century Diversified Municipal Bond ETF Stock Performance

The stock has a 50 day moving average of $49.22 and a 200-day moving average of $50.00.

Hedge Funds Weigh In On American Century Diversified Municipal Bond ETF

A number of hedge funds have recently modified their holdings of TAXF. NewEdge Advisors LLC lifted its holdings in American Century Diversified Municipal Bond ETF by 93.9% in the 1st quarter. NewEdge Advisors LLC now owns 106,977 shares of the company’s stock worth $5,354,000 after purchasing an additional 51,799 shares in the last quarter. Goldstein Advisors LLC grew its holdings 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 buying an additional 14,382 shares in the last quarter. marrick wealth LLC purchased a new stake in American Century Diversified Municipal Bond ETF during the 4th quarter valued at approximately $619,000. Concurrent Investment Advisors LLC raised its position in shares of American Century Diversified Municipal Bond ETF by 318.4% during the second quarter. Concurrent Investment Advisors LLC now owns 18,829 shares of the company’s stock valued at $957,000 after buying an additional 14,329 shares during the last quarter. Finally, CX Institutional raised its position in shares of American Century Diversified Municipal Bond ETF by 5.1% during the second quarter. CX Institutional now owns 428,304 shares of the company’s stock valued at $21,773,000 after buying an additional 20,819 shares during 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.