Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Large Volume Increase – Time to Buy?

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw an uptick in trading volume on Wednesday . 220,858 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 164,662 shares.The stock last traded at $48.5550 and had previously closed at $48.56.

Dimensional National Municipal Bond ETF Stock Up 0.0%

The firm has a 50 day moving average of $48.29 and a 200 day moving average of $48.01.

Dimensional National Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Wednesday, January 21st were issued a $0.0419 dividend. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 1.0%.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MAI Capital Management bought a new stake in shares of Dimensional National Municipal Bond ETF in the third quarter valued at approximately $36,000. Geneos Wealth Management Inc. boosted its holdings in Dimensional National Municipal Bond ETF by 292.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock worth $58,000 after buying an additional 911 shares during the period. Nemes Rush Group LLC raised its holdings in Dimensional National Municipal Bond ETF by 40.4% during the 2nd quarter. Nemes Rush Group LLC now owns 1,460 shares of the company’s stock valued at $69,000 after acquiring an additional 420 shares during the period. CWM LLC raised its holdings in Dimensional National Municipal Bond ETF by 143.7% during the 3rd quarter. CWM LLC now owns 2,052 shares of the company’s stock valued at $98,000 after acquiring an additional 1,210 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Dimensional National Municipal Bond ETF by 32.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,775 shares of the company’s stock worth $133,000 after acquiring an additional 674 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.