Raymond James & Associates Invests $335,000 in American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF)

Raymond James & Associates purchased a new stake in American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) in the fourth quarter, Holdings Channel.com reports. The firm purchased 6,572 shares of the company’s stock, valued at approximately $335,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TAXF. Brookstone Capital Management acquired a new stake in shares of American Century Diversified Municipal Bond ETF in the 4th quarter valued at $237,000. KPP Advisory Services LLC bought a new stake in American Century Diversified Municipal Bond ETF during the 3rd quarter worth about $241,000. U.S. Capital Wealth Advisors LLC acquired a new position in American Century Diversified Municipal Bond ETF during the 3rd quarter valued at about $318,000. First Affirmative Financial Network boosted its stake in shares of American Century Diversified Municipal Bond ETF by 3.1% in the 4th quarter. First Affirmative Financial Network now owns 10,944 shares of the company’s stock valued at $558,000 after purchasing an additional 327 shares during the last quarter. Finally, Mutual Advisors LLC grew its position in shares of American Century Diversified Municipal Bond ETF by 44.8% during the 3rd quarter. Mutual Advisors LLC now owns 13,264 shares of the company’s stock worth $636,000 after buying an additional 4,104 shares during the period.

American Century Diversified Municipal Bond ETF Price Performance

TAXF opened at $49.99 on Monday. American Century Diversified Municipal Bond ETF has a fifty-two week low of $47.17 and a fifty-two week high of $51.14. The firm has a 50 day simple moving average of $50.44 and a 200 day simple moving average of $49.93.

American Century Diversified Municipal Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.1199 per share. The ex-dividend date of this dividend was Monday, April 1st.

American Century Diversified Municipal Bond ETF 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.