Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw unusually-high trading volume on Wednesday. Approximately 1,107,566 shares traded hands during trading, an increase of 389% from the previous session’s volume of 226,696 shares. The stock last traded at $46.0890 and had previously closed at $46.17.

Dimensional National Municipal Bond ETF Stock Down 0.2%

The stock has a 50 day moving average of $47.16 and a 200 day moving average of $47.81.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

A number of institutional investors have recently modified their holdings of DFNM. Dopkins Wealth Management LLC boosted its position in shares of Dimensional National Municipal Bond ETF by 9.4% during the 1st quarter. Dopkins Wealth Management LLC now owns 239,917 shares of the company’s stock valued at $11,499,000 after purchasing an additional 20,573 shares in the last quarter. RAM Investment Partners LLC increased its holdings in Dimensional National Municipal Bond ETF by 22.8% in the fourth quarter. RAM Investment Partners LLC now owns 509,229 shares of the company’s stock worth $24,530,000 after purchasing an additional 94,581 shares in the last quarter. Truepoint Inc. lifted its stake in Dimensional National Municipal Bond ETF by 4.0% in the fourth quarter. Truepoint Inc. now owns 2,974,080 shares of the company’s stock valued at $143,261,000 after buying an additional 114,271 shares during the period. Andrews Lucia Wealth Management LLC bought a new stake in shares of Dimensional National Municipal Bond ETF in the 2nd quarter valued at $521,000. Finally, Tandemgrowth Financial Advisors LLC acquired a new position in shares of Dimensional National Municipal Bond ETF during the 4th quarter valued at $2,689,000.

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.