Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 12-Month Low – Here’s Why

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 $46.83 and last traded at $46.8350, with a volume of 176888 shares traded. The stock had previously closed at $46.87.

Dimensional National Municipal Bond ETF Stock Up 0.2%

The business’s 50-day moving average is $47.63 and its two-hundred day moving average is $48.03.

Institutional Trading of Dimensional National Municipal Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Mosaic Family Wealth Partners LLC grew its stake in shares of Dimensional National Municipal Bond ETF by 1.9% during the first quarter. Mosaic Family Wealth Partners LLC now owns 11,173 shares of the company’s stock valued at $536,000 after acquiring an additional 210 shares in the last quarter. Verus Capital Partners LLC lifted its stake in shares of Dimensional National Municipal Bond ETF by 2.2% in the fourth quarter. Verus Capital Partners LLC now owns 10,295 shares of the company’s stock worth $496,000 after acquiring an additional 221 shares in the last quarter. Navigoe LLC boosted its holdings in Dimensional National Municipal Bond ETF by 5.6% in the first quarter. Navigoe LLC now owns 4,309 shares of the company’s stock valued at $206,000 after purchasing an additional 227 shares during the last quarter. Signature Resources Capital Management LLC increased its holdings in Dimensional National Municipal Bond ETF by 0.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 28,207 shares of the company’s stock worth $1,352,000 after purchasing an additional 233 shares during the last quarter. Finally, E Wealth Partners LLC raised its position in shares of Dimensional National Municipal Bond ETF by 0.3% in the 1st quarter. E Wealth Partners LLC now owns 97,396 shares of the company’s stock valued at $4,668,000 after purchasing an additional 282 shares in 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.