Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 52-Week Low – Time to Sell?

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) reached a new 52-week low during trading on Monday . The company traded as low as $46.71 and last traded at $46.81, with a volume of 292781 shares trading hands. The stock had previously closed at $46.72.

Dimensional National Municipal Bond ETF Price Performance

The firm has a 50 day moving average price of $47.57 and a two-hundred day moving average price of $48.00.

Institutional Trading of Dimensional National Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blueline Advisors LLC bought a new position in Dimensional National Municipal Bond ETF during the 4th quarter worth approximately $114,000. Operose Advisors LLC acquired a new position in shares of Dimensional National Municipal Bond ETF in the 4th quarter worth approximately $155,000. Navigoe LLC boosted its stake in shares of Dimensional National Municipal Bond ETF by 5.6% in the 1st 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. Henrickson Nauta Wealth Advisors Inc. bought a new stake in shares of Dimensional National Municipal Bond ETF in the 2nd quarter valued at $229,000. Finally, Apollon Financial LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF during the first quarter worth $246,000.

About Dimensional National Municipal Bond ETF

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.