American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sets New 1-Year Low – Should You Sell?

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

American Century Diversified Municipal Bond ETF Trading Down 0.1%

The company has a 50-day moving average of $50.14 and a two-hundred day moving average of $50.38.

Hedge Funds Weigh In On American Century Diversified Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC boosted its position in shares of American Century Diversified Municipal Bond ETF by 926.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 394,034 shares of the company’s stock valued at $19,280,000 after acquiring an additional 355,659 shares during the last quarter. Jane Street Group LLC grew its stake in American Century Diversified Municipal Bond ETF by 477.4% during the 2nd quarter. Jane Street Group LLC now owns 319,153 shares of the company’s stock worth $15,616,000 after buying an additional 263,876 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in American Century Diversified Municipal Bond ETF in the 3rd quarter valued at $2,778,000. NewEdge Advisors LLC raised its position in American Century Diversified Municipal Bond ETF by 93.9% in the first quarter. NewEdge Advisors LLC now owns 106,977 shares of the company’s stock worth $5,354,000 after acquiring an additional 51,799 shares in the last quarter. Finally, Allied Private Wealth LLC purchased a new position in American Century Diversified Municipal Bond ETF in the second quarter valued at about $2,214,000.

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.