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

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw an uptick in trading volume on Wednesday . 539,648 shares were traded during mid-day trading, an increase of 443% from the previous session’s volume of 99,391 shares.The stock last traded at $46.83 and had previously closed at $46.95.

Dimensional National Municipal Bond ETF Trading Down 0.3 %

The company’s fifty day simple moving average is $47.77 and its two-hundred day simple moving average is $47.95.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Hedge funds have recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of Dimensional National Municipal Bond ETF by 5,195.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 3,943,633 shares of the company’s stock worth $188,387,000 after buying an additional 3,869,164 shares in the last quarter. Truepoint Inc. grew its stake in Dimensional National Municipal Bond ETF by 3.4% in the 4th quarter. Truepoint Inc. now owns 2,700,098 shares of the company’s stock worth $128,984,000 after acquiring an additional 88,948 shares during the period. Focus Partners Wealth raised its holdings in Dimensional National Municipal Bond ETF by 32.2% in the 4th quarter. Focus Partners Wealth now owns 1,928,913 shares of the company’s stock valued at $92,144,000 after acquiring an additional 469,893 shares during the last quarter. GeoWealth Management LLC raised its holdings in Dimensional National Municipal Bond ETF by 5.0% in the 4th quarter. GeoWealth Management LLC now owns 1,006,570 shares of the company’s stock valued at $48,084,000 after acquiring an additional 48,339 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its stake in shares of Dimensional National Municipal Bond ETF by 0.7% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 853,154 shares of the company’s stock worth $41,412,000 after purchasing an additional 5,553 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.