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

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXFGet Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $48.23 and last traded at $48.2260, with a volume of 17231 shares trading hands. The stock had previously closed at $48.40.

American Century Diversified Municipal Bond ETF Stock Down 0.7%

The firm has a fifty day simple moving average of $49.60 and a 200 day simple moving average of $50.15.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in shares of American Century Diversified Municipal Bond ETF during the 2nd quarter worth approximately $169,000. NewEdge Advisors LLC boosted its stake 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 valued at $5,935,000 after buying an additional 9,773 shares in the last quarter. IFP Advisors Inc grew its position in American Century Diversified Municipal Bond ETF by 6.8% in the second quarter. IFP Advisors Inc now owns 148,181 shares of the company’s stock valued at $7,533,000 after acquiring an additional 9,463 shares during the period. Citadel Advisors LLC bought a new stake in American Century Diversified Municipal Bond ETF in the second quarter valued at $556,000. Finally, Unique Wealth LLC raised its stake in American Century Diversified Municipal Bond ETF by 24.2% during the second quarter. Unique Wealth LLC now owns 7,310 shares of the company’s stock worth $372,000 after acquiring an additional 1,424 shares in the last quarter.

American Century Diversified Municipal Bond ETF Company Profile

(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.

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