Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 12-Month High – Still a Buy?

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.83 and last traded at $48.8250, with a volume of 16109 shares traded. The stock had previously closed at $48.81.

Dimensional National Municipal Bond ETF Trading Up 0.0%

The business has a fifty day moving average price of $48.46 and a 200 day moving average price of $48.16.

Dimensional National Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 20th. Shareholders of record on Wednesday, February 18th were given a dividend of $0.1025 per share. This is a positive change from Dimensional National Municipal Bond ETF’s previous monthly dividend of $0.04. The ex-dividend date was Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MAI Capital Management acquired a new stake in Dimensional National Municipal Bond ETF in the third quarter worth approximately $36,000. Geneos Wealth Management Inc. lifted its holdings 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 during the period. Nemes Rush Group LLC lifted its holdings 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 during the period. CWM LLC boosted its stake in Dimensional National Municipal Bond ETF by 143.7% during the third quarter. CWM LLC now owns 2,052 shares of the company’s stock valued at $98,000 after buying an additional 1,210 shares in the last quarter. Finally, Blueline Advisors LLC acquired a new position in Dimensional National Municipal Bond ETF during the fourth quarter worth about $114,000.

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.