GEM Asset Management LLC Reduces Stake in American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF)

GEM Asset Management LLC lessened its stake in shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) by 5.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,062 shares of the company’s stock after selling 3,872 shares during the quarter. American Century Diversified Municipal Bond ETF comprises 1.8% of GEM Asset Management LLC’s portfolio, making the stock its 16th largest holding. GEM Asset Management LLC’s holdings in American Century Diversified Municipal Bond ETF were worth $3,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TAXF. CX Institutional boosted its position in shares of American Century Diversified Municipal Bond ETF by 21.5% in the fourth quarter. CX Institutional now owns 618,763 shares of the company’s stock valued at $31,025,000 after acquiring an additional 109,366 shares during the period. Goldstein Advisors LLC lifted its stake in American Century Diversified Municipal Bond ETF by 9.6% in the 4th quarter. Goldstein Advisors LLC now owns 419,839 shares of the company’s stock worth $21,051,000 after purchasing an additional 36,910 shares in the last quarter. Private Advisor Group LLC boosted its holdings in American Century Diversified Municipal Bond ETF by 11.6% in the 3rd quarter. Private Advisor Group LLC now owns 204,142 shares of the company’s stock valued at $10,497,000 after purchasing an additional 21,147 shares during the period. HighTower Advisors LLC grew its position in shares of American Century Diversified Municipal Bond ETF by 26.1% during the 3rd quarter. HighTower Advisors LLC now owns 133,941 shares of the company’s stock valued at $6,887,000 after purchasing an additional 27,709 shares in the last quarter. Finally, Atria Investments Inc increased its holdings in shares of American Century Diversified Municipal Bond ETF by 3.5% in the third quarter. Atria Investments Inc now owns 111,008 shares of the company’s stock worth $5,708,000 after purchasing an additional 3,722 shares during the period.

American Century Diversified Municipal Bond ETF Price Performance

NYSEARCA:TAXF opened at $50.22 on Wednesday. American Century Diversified Municipal Bond ETF has a 52-week low of $49.61 and a 52-week high of $51.63. The stock has a fifty day moving average of $50.30 and a 200 day moving average of $50.70.

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.