American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Reaches New 12-Month Low – Time to Sell?

Shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXFGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $48.41 and last traded at $48.4490, with a volume of 51293 shares changing hands. The stock had previously closed at $48.47.

American Century Diversified Municipal Bond ETF Price Performance

The company has a 50-day simple moving average of $49.81 and a 200 day simple moving average of $50.25.

Hedge Funds Weigh In On American Century Diversified Municipal Bond ETF

Several large investors have recently made changes to their positions in the company. CX Institutional grew its position in American Century Diversified Municipal Bond ETF by 5.1% during the second 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 during the period. Goldstein Advisors LLC raised its position in shares of American Century Diversified Municipal Bond ETF by 3.6% in the fourth quarter. Goldstein Advisors LLC now owns 412,111 shares of the company’s stock worth $20,762,000 after acquiring an additional 14,382 shares during the period. Condor Capital Management boosted its stake in shares of American Century Diversified Municipal Bond ETF by 1.0% during the 4th quarter. Condor Capital Management now owns 168,085 shares of the company’s stock worth $8,468,000 after acquiring an additional 1,667 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of 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 worth $7,533,000 after acquiring an additional 9,463 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of American Century Diversified Municipal Bond ETF by 9.1% during the 2nd quarter. NewEdge Advisors LLC now owns 116,750 shares of the company’s stock valued at $5,935,000 after acquiring an additional 9,773 shares during the period.

About American Century Diversified Municipal Bond ETF

(Get Free Report)

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.

Further Reading

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