Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Reaches New 1-Year Low – Here’s What Happened

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

Dimensional National Municipal Bond ETF Trading Down 0.0%

The firm’s 50 day simple moving average is $47.83 and its 200-day simple moving average is $48.12.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of Dimensional National Municipal Bond ETF by 6.5% in the first quarter. Royal Bank of Canada now owns 30,965 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,889 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Dimensional National Municipal Bond ETF by 160.9% during the first quarter. NewEdge Advisors LLC now owns 26,937 shares of the company’s stock worth $1,281,000 after buying an additional 16,613 shares during the last quarter. Jane Street Group LLC grew its holdings in Dimensional National Municipal Bond ETF by 32.5% in the 1st quarter. Jane Street Group LLC now owns 44,323 shares of the company’s stock valued at $2,108,000 after buying an additional 10,866 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of 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 acquiring an additional 911 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in Dimensional National Municipal Bond ETF during the second quarter worth about $383,000.

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.