Raymond James Financial Inc. Invests $5.23 Million in American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF)

Raymond James Financial Inc. acquired a new stake in shares of American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 104,283 shares of the company’s stock, valued at approximately $5,229,000. Raymond James Financial Inc. owned approximately 1.20% of American Century Diversified Municipal Bond ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in American Century Diversified Municipal Bond ETF by 417.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,564 shares of the company’s stock worth $2,086,000 after purchasing an additional 32,721 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of American Century Diversified Municipal Bond ETF by 33.6% in the fourth quarter. Merit Financial Group LLC now owns 10,401 shares of the company’s stock valued at $521,000 after purchasing an additional 2,613 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of American Century Diversified Municipal Bond ETF in the fourth quarter worth about $32,000. Blue Trust Inc. acquired a new stake in shares of American Century Diversified Municipal Bond ETF during the fourth quarter worth about $97,000. Finally, HighTower Advisors LLC increased its stake in shares of American Century Diversified Municipal Bond ETF by 26.1% in the third quarter. HighTower Advisors LLC now owns 133,941 shares of the company’s stock worth $6,887,000 after acquiring an additional 27,709 shares during the period.

American Century Diversified Municipal Bond ETF Price Performance

Shares of TAXF stock opened at $49.62 on Wednesday. American Century Diversified Municipal Bond ETF has a 52-week low of $49.54 and a 52-week high of $51.63. The business has a 50-day simple moving average of $50.18 and a 200-day simple moving average of $50.54.

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.