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

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw strong trading volume on Monday . 81,827 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 120,335 shares.The stock last traded at $47.84 and had previously closed at $47.84.

Dimensional National Municipal Bond ETF Price Performance

The company has a 50 day simple moving average of $47.93 and a 200-day simple moving average of $48.08.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of Dimensional National Municipal Bond ETF in the fourth quarter worth about $40,000. First Horizon Advisors Inc. bought a new stake in Dimensional National Municipal Bond ETF during the 3rd quarter valued at $45,000. MilWealth Group LLC bought a new stake in Dimensional National Municipal Bond ETF during the 4th quarter valued at $96,000. Navigoe LLC purchased a new stake in shares of Dimensional National Municipal Bond ETF during the fourth quarter worth $194,000. Finally, JDH Wealth Management LLC bought a new position in shares of Dimensional National Municipal Bond ETF in the fourth quarter worth $207,000.

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.