American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Unusually-High Trading Volume – What’s Next?

Shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw unusually-strong trading volume on Monday . 55,355 shares traded hands 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 firm’s 50-day simple moving average is $49.90 and its 200-day simple moving average is $50.29.

Institutional Trading of American Century Diversified Municipal Bond ETF

Institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new position in shares of American Century Diversified Municipal Bond ETF in the first quarter worth $25,000. Advisory Services Network LLC purchased a new position in shares of American Century Diversified Municipal Bond ETF in the third quarter valued at about $103,000. Integrated Wealth Concepts LLC purchased a new position in shares of American Century Diversified Municipal Bond ETF in the second quarter valued at about $169,000. Barnes Wealth Management Group Inc increased its position in shares of American Century Diversified Municipal Bond ETF by 5.6% in the fourth quarter. Barnes Wealth Management Group Inc now owns 4,383 shares of the company’s stock valued at $221,000 after acquiring an additional 233 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of American Century Diversified Municipal Bond ETF during the third quarter valued at about $232,000.

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.