Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 52-Week Low – What’s Next?

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $47.37 and last traded at $47.40, with a volume of 11693 shares traded. The stock had previously closed at $47.45.

Dimensional National Municipal Bond ETF Stock Up 0.3 %

The company has a 50 day moving average price of $47.92 and a 200 day moving average price of $48.05.

Dimensional National Municipal Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were given a $0.1286 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Dimensional National Municipal Bond ETF’s previous dividend of $0.10.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

Institutional investors have recently made changes to their positions in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Dimensional National Municipal Bond ETF by 5,195.7% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 3,943,633 shares of the company’s stock worth $188,387,000 after acquiring an additional 3,869,164 shares during the last quarter. Truepoint Inc. lifted its stake in Dimensional National Municipal Bond ETF by 3.4% during the fourth quarter. Truepoint Inc. now owns 2,700,098 shares of the company’s stock worth $128,984,000 after purchasing an additional 88,948 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Dimensional National Municipal Bond ETF by 32.2% in the fourth quarter. Focus Partners Wealth now owns 1,928,913 shares of the company’s stock valued at $92,144,000 after buying an additional 469,893 shares in the last quarter. GeoWealth Management LLC grew its stake in shares of Dimensional National Municipal Bond ETF by 5.0% in the fourth quarter. GeoWealth Management LLC now owns 1,006,570 shares of the company’s stock valued at $48,084,000 after buying an additional 48,339 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of Dimensional National Municipal Bond ETF by 0.7% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 853,154 shares of the company’s stock valued at $41,412,000 after buying an additional 5,553 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.