Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Large Volume Increase – Here’s What Happened

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) shares saw unusually-high trading volume on Wednesday . Approximately 303,683 shares changed hands during trading, an increase of 91% from the previous session’s volume of 159,380 shares.The stock last traded at $48.1350 and had previously closed at $48.11.

Dimensional National Municipal Bond ETF Stock Up 0.0%

The company has a 50-day simple moving average of $48.21 and a two-hundred day simple moving average of $47.80.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP grew its holdings in Dimensional National Municipal Bond ETF by 32.2% in the 3rd quarter. Allworth Financial LP now owns 81,219 shares of the company’s stock worth $3,897,000 after buying an additional 19,795 shares in the last quarter. IFP Advisors Inc boosted its position in Dimensional National Municipal Bond ETF by 118.5% during the 3rd quarter. IFP Advisors Inc now owns 23,226 shares of the company’s stock worth $1,114,000 after acquiring an additional 12,595 shares during the period. GM Advisory Group LLC acquired a new position in Dimensional National Municipal Bond ETF during the 3rd quarter worth $333,000. Advisory Services Network LLC bought a new position in shares of Dimensional National Municipal Bond ETF in the third quarter worth $146,000. Finally, Financial Engines Advisors L.L.C. increased its holdings in shares of Dimensional National Municipal Bond ETF by 37.5% during the third quarter. Financial Engines Advisors L.L.C. now owns 48,174 shares of the company’s stock valued at $2,311,000 after purchasing an additional 13,145 shares during the period.

About Dimensional National Municipal Bond ETF

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.