American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Hits New 1-Year Low – What’s Next?

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $49.11 and last traded at $49.1850, with a volume of 3153 shares changing hands. The stock had previously closed at $49.25.

American Century Diversified Municipal Bond ETF Trading Down 0.1%

The stock’s 50 day simple moving average is $50.14 and its 200 day simple moving average is $50.38.

Hedge Funds Weigh In On American Century Diversified Municipal Bond ETF

Institutional investors have recently bought and sold shares of the stock. Goldstein Advisors LLC lifted its position in American Century Diversified Municipal Bond ETF by 3.6% in the 4th quarter. Goldstein Advisors LLC now owns 412,111 shares of the company’s stock worth $20,762,000 after buying an additional 14,382 shares in the last quarter. marrick wealth LLC bought a new position in American Century Diversified Municipal Bond ETF during the fourth quarter worth $619,000. NewEdge Advisors LLC raised 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 valued at $5,354,000 after acquiring an additional 51,799 shares in the last quarter. CX Institutional raised its stake in shares of American Century Diversified Municipal Bond ETF by 5.1% in the 2nd 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 in the last quarter. Finally, Allied Private Wealth LLC bought a new stake in shares of American Century Diversified Municipal Bond ETF in the 2nd quarter valued at approximately $2,214,000.

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.