Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Large Volume Increase

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw strong trading volume on Wednesday . 197,295 shares changed hands during mid-day trading, an increase of 122% from the previous session’s volume of 88,880 shares.The stock last traded at $48.38 and had previously closed at $48.32.

Dimensional National Municipal Bond ETF Stock Performance

The firm’s 50-day moving average price is $48.11 and its 200 day moving average price is $47.99.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Apella Capital LLC lifted its holdings in Dimensional National Municipal Bond ETF by 5.1% during the first quarter. Apella Capital LLC now owns 272,127 shares of the company’s stock worth $13,040,000 after acquiring an additional 13,125 shares in the last quarter. Buckingham Strategic Partners LLC grew its position in shares of Dimensional National Municipal Bond ETF by 111.1% in the 4th quarter. Buckingham Strategic Partners LLC now owns 79,589 shares of the company’s stock valued at $3,861,000 after purchasing an additional 41,891 shares during the period. Austin Wealth Management LLC increased its stake in Dimensional National Municipal Bond ETF by 13.0% during the 4th quarter. Austin Wealth Management LLC now owns 490,704 shares of the company’s stock worth $23,711,000 after purchasing an additional 56,616 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Dimensional National Municipal Bond ETF by 2.6% during the 4th quarter. Corient Private Wealth LLC now owns 125,762 shares of the company’s stock worth $6,101,000 after buying an additional 3,161 shares during the period. Finally, Verus Financial Partners Inc. lifted its stake in Dimensional National Municipal Bond ETF by 5.1% in the fourth quarter. Verus Financial Partners Inc. now owns 73,574 shares of the company’s stock valued at $3,544,000 after buying an additional 3,603 shares in 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.