American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Reaches New 1-Year Low – Here’s What Happened

Shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) reached a new 52-week low during trading 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 Stock Performance

The stock’s 50 day moving average price is $49.73 and its two-hundred day moving average price is $50.21.

Hedge Funds Weigh In On American Century Diversified Municipal Bond ETF

Several hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new stake in shares of American Century Diversified Municipal Bond ETF in the first quarter valued at $25,000. Integrated Wealth Concepts LLC acquired a new stake in shares of American Century Diversified Municipal Bond ETF during the second quarter valued at $169,000. Barnes Wealth Management Group Inc increased its position in American Century Diversified Municipal Bond ETF by 5.6% during the 4th quarter. Barnes Wealth Management Group Inc now owns 4,383 shares of the company’s stock worth $221,000 after purchasing an additional 233 shares in the last quarter. Nwam LLC purchased a new stake in American Century Diversified Municipal Bond ETF during the 2nd quarter worth about $259,000. Finally, Unique Wealth LLC acquired a new position in American Century Diversified Municipal Bond ETF in the 1st quarter valued at about $295,000.

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.