Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Reaches New 1-Year High – Here’s What Happened

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $48.81 and last traded at $48.8050, with a volume of 2753 shares changing hands. The stock had previously closed at $48.78.

Dimensional National Municipal Bond ETF Stock Performance

The firm has a 50-day simple moving average of $48.38 and a two-hundred day simple moving average of $48.10.

Dimensional National Municipal Bond ETF Cuts Dividend

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

Institutional Trading of Dimensional National Municipal Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFNM. MAI Capital Management purchased a new position in Dimensional National Municipal Bond ETF in the third quarter valued at $36,000. Geneos Wealth Management Inc. increased its position in shares of 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 buying an additional 911 shares in the last quarter. Nemes Rush Group LLC increased its position in shares of Dimensional National Municipal Bond ETF by 40.4% in the second quarter. Nemes Rush Group LLC now owns 1,460 shares of the company’s stock valued at $69,000 after buying an additional 420 shares in the last quarter. CWM LLC raised its stake in shares of Dimensional National Municipal Bond ETF by 143.7% during 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 period. Finally, Blueline Advisors LLC purchased a new position in shares of Dimensional National Municipal Bond ETF during the 4th 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.