Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 12-Month Low – Should You Sell?

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $47.32 and last traded at $47.32, with a volume of 80793 shares traded. The stock had previously closed at $47.49.

Dimensional National Municipal Bond ETF Trading Down 0.1%

The stock has a 50-day simple moving average of $47.89 and a 200 day simple moving average of $48.15.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Focus Partners Wealth lifted its position in shares of Dimensional National Municipal Bond ETF by 42.5% in the fourth quarter. Focus Partners Wealth now owns 3,662,918 shares of the company’s stock valued at $176,443,000 after acquiring an additional 1,093,169 shares in the last quarter. Apella Capital LLC grew its stake in Dimensional National Municipal Bond ETF by 93.6% in the 1st quarter. Apella Capital LLC now owns 1,320,176 shares of the company’s stock worth $63,897,000 after acquiring an additional 638,280 shares during the period. Waterford Advisors LLC acquired a new position in Dimensional National Municipal Bond ETF in the 4th quarter valued at $23,838,000. Savant Capital LLC boosted its holdings in shares of Dimensional National Municipal Bond ETF by 357.0% during the fourth quarter. Savant Capital LLC now owns 523,582 shares of the company’s stock worth $25,221,000 after purchasing an additional 409,014 shares during the last quarter. Finally, Truepoint Inc. increased 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 purchasing an additional 114,271 shares during the last quarter.

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.