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

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

Dimensional National Municipal Bond ETF Trading Down 0.1%

The firm has a fifty day moving average price of $47.69 and a 200 day moving average price of $48.06.

Institutional Trading of Dimensional National Municipal Bond ETF

Large investors have recently made changes to their positions in the business. Mosaic Family Wealth Partners LLC grew its position in Dimensional National Municipal Bond ETF by 1.9% during the first quarter. Mosaic Family Wealth Partners LLC now owns 11,173 shares of the company’s stock worth $536,000 after buying an additional 210 shares during the period. Verus Capital Partners LLC lifted its position in shares of Dimensional National Municipal Bond ETF by 2.2% during the 4th quarter. Verus Capital Partners LLC now owns 10,295 shares of the company’s stock valued at $496,000 after acquiring an additional 221 shares during the period. Navigoe LLC boosted its stake in shares of Dimensional National Municipal Bond ETF by 5.6% during the 1st quarter. Navigoe LLC now owns 4,309 shares of the company’s stock worth $206,000 after acquiring an additional 227 shares in the last quarter. Signature Resources Capital Management LLC boosted its stake in shares of Dimensional National Municipal Bond ETF by 0.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 28,207 shares of the company’s stock worth $1,352,000 after acquiring an additional 233 shares in the last quarter. Finally, E Wealth Partners LLC grew its holdings in shares of Dimensional National Municipal Bond ETF by 0.3% in the 1st quarter. E Wealth Partners LLC now owns 97,396 shares of the company’s stock worth $4,668,000 after acquiring an additional 282 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.