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

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw an uptick in trading volume on Tuesday. 820,329 shares changed hands during mid-day trading, an increase of 302% from the previous session’s volume of 203,852 shares. The stock last traded at $45.7630 and had previously closed at $45.86.

Dimensional National Municipal Bond ETF Stock Down 0.3%

The business has a 50 day moving average price of $47.35 and a 200 day moving average price of $47.91.

Institutional Trading of Dimensional National Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Focus Partners Wealth boosted its stake in shares of Dimensional National Municipal Bond ETF by 42.5% during the 4th quarter. Focus Partners Wealth now owns 3,662,918 shares of the company’s stock worth $176,443,000 after acquiring an additional 1,093,169 shares during the last quarter. Truepoint Inc. increased 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 acquiring an additional 114,271 shares during the last quarter. Apella Capital LLC raised its position in Dimensional National Municipal Bond ETF by 20.5% during the second 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 period. Foster Group Inc. lifted its stake in shares of Dimensional National Municipal Bond ETF by 1.6% in the 2nd quarter. Foster Group Inc. now owns 1,483,405 shares of the company’s stock valued at $71,700,000 after purchasing an additional 23,179 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Dimensional National Municipal Bond ETF by 1.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 896,162 shares of the company’s stock valued at $43,316,000 after purchasing an additional 16,137 shares during the last quarter.

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.