Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Reaches New 52-Week High – Here’s What Happened

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) hit a new 52-week high during trading on Thursday . The stock traded as high as $48.83 and last traded at $48.8250, with a volume of 16109 shares. The stock had previously closed at $48.81.

Dimensional National Municipal Bond ETF Price Performance

The company’s fifty day moving average is $48.49 and its two-hundred day moving average is $48.18.

Dimensional National Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 20th. Investors of record on Wednesday, February 18th were issued a $0.1025 dividend. The ex-dividend date was Wednesday, February 18th. This represents a c) annualized dividend and a dividend yield of 2.5%. This is a boost from Dimensional National Municipal Bond ETF’s previous monthly dividend of $0.04.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Several institutional investors have recently bought and sold shares of the company. MAI Capital Management purchased a new position in shares of Dimensional National Municipal Bond ETF in the third quarter valued at approximately $36,000. Geneos Wealth Management Inc. lifted its holdings in Dimensional National Municipal Bond ETF by 292.0% during 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 in the last quarter. Nemes Rush Group LLC boosted its position in Dimensional National Municipal Bond ETF by 40.4% in the 2nd quarter. Nemes Rush Group LLC now owns 1,460 shares of the company’s stock valued at $69,000 after buying an additional 420 shares during the period. CWM LLC boosted its position in Dimensional National Municipal Bond ETF by 143.7% in the 3rd quarter. CWM LLC now owns 2,052 shares of the company’s stock valued at $98,000 after buying an additional 1,210 shares during the period. Finally, Blueline Advisors LLC acquired a new position in shares of Dimensional National Municipal Bond ETF in the fourth quarter worth $114,000.

Dimensional National Municipal Bond ETF Company Profile

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.