Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Large Volume Increase – Time to Buy?

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw strong trading volume on Tuesday. 820,329 shares traded hands during trading, an increase of 302% from the previous session’s volume of 203,852 shares. The stock last traded at $45.7630 and had previously closed at $45.86.

Dimensional National Municipal Bond ETF Trading Down 0.3%

The firm’s fifty day moving average is $47.35 and its 200 day moving average is $47.91.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Focus Partners Wealth lifted its stake in Dimensional National Municipal Bond ETF by 42.5% in the fourth quarter. Focus Partners Wealth now owns 3,662,918 shares of the company’s stock worth $176,443,000 after acquiring an additional 1,093,169 shares during the period. Truepoint Inc. boosted its stake in shares of Dimensional National Municipal Bond ETF by 4.0% during the fourth quarter. Truepoint Inc. now owns 2,974,080 shares of the company’s stock valued at $143,261,000 after purchasing an additional 114,271 shares in the last quarter. Apella Capital LLC increased its holdings in Dimensional National Municipal Bond ETF by 20.5% during the second quarter. Apella Capital LLC now owns 1,590,906 shares of the company’s stock valued at $76,814,000 after buying an additional 270,730 shares during the period. Foster Group Inc. raised its stake in Dimensional National Municipal Bond ETF by 1.6% in the second quarter. Foster Group Inc. now owns 1,483,405 shares of the company’s stock worth $71,700,000 after buying an additional 23,179 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Dimensional National Municipal Bond ETF by 1.8% in the second quarter. Sequoia Financial Advisors LLC now owns 896,162 shares of the company’s stock worth $43,316,000 after buying an additional 16,137 shares in the last quarter.

About Dimensional National Municipal Bond ETF

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.