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

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw unusually-high trading volume on Wednesday . Approximately 122,619 shares changed hands during trading, a decline of 21% from the previous session’s volume of 155,940 shares.The stock last traded at $48.2150 and had previously closed at $48.21.

Dimensional National Municipal Bond ETF Stock Performance

The stock has a 50 day moving average price of $48.17 and a 200 day moving average price of $47.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truepoint Inc. raised its holdings in shares of Dimensional National Municipal Bond ETF by 8.4% in the 3rd quarter. Truepoint Inc. now owns 2,859,809 shares of the company’s stock worth $137,214,000 after purchasing an additional 221,963 shares during the period. Focus Partners Wealth increased its position in Dimensional National Municipal Bond ETF by 22.9% in the third quarter. Focus Partners Wealth now owns 2,569,749 shares of the company’s stock worth $123,294,000 after buying an additional 479,262 shares during the last quarter. Foster Group Inc. raised its stake in shares of Dimensional National Municipal Bond ETF by 36.1% in the second quarter. Foster Group Inc. now owns 1,503,402 shares of the company’s stock valued at $71,306,000 after buying an additional 399,029 shares during the period. Beaird Harris Wealth Management LLC raised its stake in shares of Dimensional National Municipal Bond ETF by 1.7% in the third quarter. Beaird Harris Wealth Management LLC now owns 836,330 shares of the company’s stock valued at $40,127,000 after buying an additional 14,342 shares during the period. Finally, Focus Partners Advisor Solutions LLC lifted its position in shares of Dimensional National Municipal Bond ETF by 19.6% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 830,728 shares of the company’s stock valued at $39,861,000 after buying an additional 136,333 shares during 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.