American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Unusually-High Trading Volume – Should You Buy?

Shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw unusually-strong trading volume on Monday . 55,355 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 50,319 shares.The stock last traded at $48.5850 and had previously closed at $48.63.

American Century Diversified Municipal Bond ETF Stock Performance

The company’s 50-day moving average is $49.81 and its 200 day moving average is $50.25.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in shares of American Century Diversified Municipal Bond ETF during the second quarter valued at $169,000. NewEdge Advisors LLC increased its holdings 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 worth $5,935,000 after buying an additional 9,773 shares in the last quarter. IFP Advisors Inc increased its holdings in American Century Diversified Municipal Bond ETF by 6.8% in the 2nd quarter. IFP Advisors Inc now owns 148,181 shares of the company’s stock worth $7,533,000 after buying an additional 9,463 shares in the last quarter. Citadel Advisors LLC purchased a new position in American Century Diversified Municipal Bond ETF in the 2nd quarter worth about $556,000. Finally, Unique Wealth LLC raised its position in American Century Diversified Municipal Bond ETF by 24.2% in the 2nd quarter. Unique Wealth LLC now owns 7,310 shares of the company’s stock worth $372,000 after buying an additional 1,424 shares during the last quarter.

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.