Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 1-Year Low – What’s Next?

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $47.25 and last traded at $47.2450, with a volume of 175847 shares traded. The stock had previously closed at $47.25.

Dimensional National Municipal Bond ETF Stock Performance

The stock has a 50-day moving average price of $47.83 and a 200 day moving average price of $48.12.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its holdings in Dimensional National Municipal Bond ETF by 292.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after purchasing an additional 911 shares in the last quarter. Blueline Advisors LLC acquired a new stake in Dimensional National Municipal Bond ETF in the 4th quarter worth about $114,000. Advisory Services Network LLC acquired a new stake in Dimensional National Municipal Bond ETF in the 3rd quarter worth about $146,000. Operose Advisors LLC purchased a new stake in Dimensional National Municipal Bond ETF during the 4th quarter worth approximately $155,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Dimensional National Municipal Bond ETF during the second quarter valued at approximately $202,000.

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.