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-strong trading volume on Monday . 130,770 shares changed hands during trading, an increase of 161% from the previous session’s volume of 50,109 shares.The stock last traded at $49.79 and had previously closed at $49.79.

American Century Diversified Municipal Bond ETF Price Performance

The stock has a 50-day simple moving average of $50.30 and a 200 day simple moving average of $50.45.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

Several hedge funds have recently bought and sold shares of TAXF. Western Wealth Management LLC bought a new stake in American Century Diversified Municipal Bond ETF during the 1st quarter worth approximately $25,000. Advisory Services Network LLC acquired a new position in shares of American Century Diversified Municipal Bond ETF in the third quarter valued at approximately $103,000. Farther Finance Advisors LLC increased its position in shares of American Century Diversified Municipal Bond ETF by 1,646.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,934 shares of the company’s stock worth $148,000 after acquiring an additional 2,766 shares in the last quarter. Shade Tree Advisors LLC bought a new stake in shares of American Century Diversified Municipal Bond ETF during the fourth quarter worth $214,000. Finally, Barnes Wealth Management Group Inc raised its holdings in shares of American Century Diversified Municipal Bond ETF by 5.6% during the fourth quarter. Barnes Wealth Management Group Inc now owns 4,383 shares of the company’s stock worth $221,000 after acquiring an additional 233 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.