American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Reaches New 12-Month Low – Here’s Why

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $46.89 and last traded at $47.0130, with a volume of 5030 shares traded. The stock had previously closed at $47.33.

American Century Diversified Municipal Bond ETF Stock Performance

The business’s 50 day simple moving average is $49.02 and its two-hundred day simple moving average is $49.91.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position 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 valued at $5,354,000 after acquiring an additional 51,799 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in American Century Diversified Municipal Bond ETF by 318.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 18,829 shares of the company’s stock valued at $957,000 after purchasing an additional 14,329 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of American Century Diversified Municipal Bond ETF in the 2nd quarter worth $556,000. marrick wealth LLC bought a new stake in shares of American Century Diversified Municipal Bond ETF in the 4th quarter worth $619,000. Finally, Envestnet Asset Management Inc. raised its stake 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 purchasing an additional 145,628 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.