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

by · The Cerbat Gem

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 220,858 shares were traded 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 Performance

The firm has a 50 day simple moving average of $48.29 and a two-hundred day simple moving average of $48.01.

Dimensional National Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Wednesday, January 21st were paid 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%.

Institutional Trading of Dimensional National Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in DFNM. Aspiriant LLC increased its stake in Dimensional National Municipal Bond ETF by 5.6% in the third quarter. Aspiriant LLC now owns 367,049 shares of the company’s stock valued at $17,611,000 after purchasing an additional 19,597 shares in the last quarter. Citrine Capital LLC grew its stake in shares of Dimensional National Municipal Bond ETF by 33.5% in the 3rd quarter. Citrine Capital LLC now owns 142,390 shares of the company’s stock valued at $6,832,000 after buying an additional 35,705 shares during the period. Graves Light Lenhart Wealth Inc. grew its stake in shares of Dimensional National Municipal Bond ETF by 11.5% in the 3rd quarter. Graves Light Lenhart Wealth Inc. now owns 274,291 shares of the company’s stock valued at $13,161,000 after buying an additional 28,228 shares during the period. Brady Martz Wealth Solutions LLC increased its position in Dimensional National Municipal Bond ETF by 10.3% in the 3rd quarter. Brady Martz Wealth Solutions LLC now owns 172,822 shares of the company’s stock valued at $8,292,000 after buying an additional 16,142 shares in the last quarter. Finally, Penney Financial LLC bought a new position in Dimensional National Municipal Bond ETF in the third quarter worth approximately $1,523,000.

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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