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

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw an uptick in trading volume on Wednesday. 205,341 shares changed hands during 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 Price Performance

The stock has a 50-day moving average of $49.31 and a two-hundred day moving average of $50.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of 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 worth $124,349,000 after acquiring an additional 145,628 shares in the last quarter. CX Institutional boosted its position 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 worth $21,773,000 after acquiring an additional 20,819 shares during the period. Goldstein Advisors LLC grew 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 acquiring an additional 14,382 shares in the last quarter. IFP Advisors Inc grew its stake in 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 valued at $7,533,000 after acquiring an additional 9,463 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in 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 buying an additional 9,773 shares during the period.

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.