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

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM – Get Free Report) saw unusually-high trading volume on Wednesday. 1,107,566 shares changed hands during mid-day 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 Performance

The business has a fifty day simple moving average of $47.16 and a 200 day simple moving average of $47.81.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Several large investors have recently bought and sold shares of DFNM. Navigoe LLC boosted its holdings in Dimensional National Municipal Bond ETF by 5.6% during the 1st quarter. Navigoe LLC now owns 4,309 shares of the company’s stock worth $206,000 after acquiring an additional 227 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. purchased a new stake in shares of Dimensional National Municipal Bond ETF in the second quarter valued at about $229,000. Apollon Financial LLC bought a new position in shares of Dimensional National Municipal Bond ETF during the first quarter valued at about $246,000. Quantinno Capital Management LP bought a new position in shares of Dimensional National Municipal Bond ETF during the first quarter valued at about $246,000. Finally, Arkadios Wealth Advisors purchased a new stake in Dimensional National Municipal Bond ETF in the 1st quarter valued at about $250,000.

About Dimensional National Municipal Bond ETF

(Get Free Report)

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.

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