Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 1-Year High – Still a Buy?

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.35 and last traded at $48.3450, with a volume of 89156 shares changing hands. The stock had previously closed at $48.27.

Dimensional National Municipal Bond ETF Stock Up 0.1%

The business has a fifty day moving average price of $48.20 and a 200 day moving average price of $47.86.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

Several institutional investors have recently bought and sold shares of the business. MAI Capital Management acquired a new position in shares of Dimensional National Municipal Bond ETF during the 3rd quarter valued at $36,000. Geneos Wealth Management Inc. raised its position in Dimensional National Municipal Bond ETF by 292.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after purchasing an additional 911 shares during the period. Nemes Rush Group LLC lifted its stake in shares of Dimensional National Municipal Bond ETF by 40.4% during the second quarter. Nemes Rush Group LLC now owns 1,460 shares of the company’s stock worth $69,000 after purchasing an additional 420 shares in the last quarter. CWM LLC boosted its position in shares of Dimensional National Municipal Bond ETF by 143.7% in the third quarter. CWM LLC now owns 2,052 shares of the company’s stock worth $98,000 after buying an additional 1,210 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Dimensional National Municipal Bond ETF by 32.1% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,775 shares of the company’s stock worth $133,000 after acquiring an additional 674 shares during the period.

Dimensional National Municipal Bond ETF Company Profile

The Dimensional National Municipal Bond ETF (DFNM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to intermediate-term, investment-grade municipal bonds that are exempt from federal income tax. DFNM was launched on Dec 15, 2021 and is managed by Dimensional.