Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 1-Year High – Here’s Why

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.35 and last traded at $48.3450, with a volume of 89156 shares. The stock had previously closed at $48.27.

Dimensional National Municipal Bond ETF Trading Up 0.2%

The company’s 50-day simple moving average is $48.20 and its 200-day simple moving average is $47.86.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

A number of hedge funds have recently bought and sold shares of DFNM. Porter White Investment Advisors Inc. lifted its holdings in shares of Dimensional National Municipal Bond ETF by 57.8% in the second quarter. Porter White Investment Advisors Inc. now owns 156,384 shares of the company’s stock worth $7,417,000 after acquiring an additional 57,303 shares during the last quarter. Citrine Capital LLC grew its holdings in shares of Dimensional National Municipal Bond ETF by 33.5% during the 3rd quarter. Citrine Capital LLC now owns 142,390 shares of the company’s stock valued at $6,832,000 after purchasing an additional 35,705 shares during the last quarter. Graves Light Lenhart Wealth Inc. increased its position in Dimensional National Municipal Bond ETF by 11.5% during the 3rd quarter. Graves Light Lenhart Wealth Inc. now owns 274,291 shares of the company’s stock worth $13,161,000 after purchasing an additional 28,228 shares in the last quarter. Brady Martz Wealth Solutions LLC lifted its stake in Dimensional National Municipal Bond ETF by 10.3% in the 3rd quarter. Brady Martz Wealth Solutions LLC now owns 172,822 shares of the company’s stock valued at $8,292,000 after purchasing an additional 16,142 shares during the last quarter. Finally, Sterling Wealth Advisors Inc lifted its stake in Dimensional National Municipal Bond ETF by 3.2% in the 2nd quarter. Sterling Wealth Advisors Inc now owns 18,086 shares of the company’s stock valued at $858,000 after purchasing an additional 564 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.