Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Reaches New 52-Week High – What’s Next?

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) hit a new 52-week high on Wednesday . The stock traded as high as $48.74 and last traded at $48.72, with a volume of 108508 shares trading hands. The stock had previously closed at $48.69.

Dimensional National Municipal Bond ETF Stock Performance

The business has a 50 day moving average price of $48.36 and a two-hundred day moving average price of $48.07.

Dimensional National Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Wednesday, January 21st were given a dividend of $0.0419 per share. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 1.0%.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. MAI Capital Management bought a new stake in shares of Dimensional National Municipal Bond ETF in the third quarter worth about $36,000. Geneos Wealth Management Inc. lifted its holdings in Dimensional National Municipal Bond ETF by 292.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock worth $58,000 after buying an additional 911 shares during the period. Nemes Rush Group LLC grew its position in shares of Dimensional National Municipal Bond ETF by 40.4% in the 2nd quarter. Nemes Rush Group LLC now owns 1,460 shares of the company’s stock worth $69,000 after buying an additional 420 shares during the last quarter. CWM LLC grew its position in shares of Dimensional National Municipal Bond ETF by 143.7% in the 3rd 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 last quarter. Finally, Blueline Advisors LLC purchased a new position in shares of Dimensional National Municipal Bond ETF during the fourth quarter valued at approximately $114,000.

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.