Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 12-Month Low – Here’s Why

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $46.83 and last traded at $46.8350, with a volume of 176888 shares traded. The stock had previously closed at $46.87.

Dimensional National Municipal Bond ETF Price Performance

The firm’s fifty day simple moving average is $47.69 and its 200-day simple moving average is $48.06.

Institutional Trading of Dimensional National Municipal Bond ETF

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