Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Strong Trading Volume – Here’s Why

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw strong trading volume on Wednesday. Approximately 263,938 shares were traded during trading, an increase of 3% from the previous session’s volume of 255,952 shares. The stock last traded at $46.6860 and had previously closed at $46.59.

Dimensional National Municipal Bond ETF Trading Up 0.6%

The firm has a fifty day moving average price of $46.84 and a two-hundred day moving average price of $47.68.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Several institutional investors have recently made changes to their positions in DFNM. Apella Capital LLC grew its stake in shares of Dimensional National Municipal Bond ETF by 6.3% during the 3rd quarter. Apella Capital LLC now owns 1,690,582 shares of the company’s stock valued at $77,885,000 after acquiring an additional 99,676 shares during the period. Foster Group Inc. boosted its stake in shares of Dimensional National Municipal Bond ETF by 1.6% in the second quarter. Foster Group Inc. now owns 1,483,405 shares of the company’s stock worth $71,700,000 after acquiring an additional 23,179 shares during the period. AWM Capital LLC raised its stake in Dimensional National Municipal Bond ETF by 55.5% during the 3rd quarter. AWM Capital LLC now owns 1,127,167 shares of the company’s stock valued at $51,884,000 after purchasing an additional 402,115 shares during the period. Sequoia Financial Advisors LLC boosted its stake in 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 worth $43,316,000 after purchasing an additional 16,137 shares during the period. Finally, MBL Wealth LLC grew its holdings in Dimensional National Municipal Bond ETF by 7.2% during the 3rd quarter. MBL Wealth LLC now owns 832,678 shares of the company’s stock valued at $38,328,000 after buying an additional 56,177 shares in the last quarter.

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.