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

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) shares saw an uptick in trading volume on Wednesday . 89,231 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 86,350 shares.The stock last traded at $48.11 and had previously closed at $48.04.

Dimensional National Municipal Bond ETF Stock Performance

The business has a 50-day simple moving average of $48.27 and a two-hundred day simple moving average of $48.06.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF in the second quarter worth $29,000. First Horizon Advisors Inc. acquired a new position in Dimensional National Municipal Bond ETF during the 3rd quarter valued at about $45,000. City State Bank bought a new position in Dimensional National Municipal Bond ETF in the 2nd quarter worth about $50,000. SJS Investment Consulting Inc. increased its stake in shares of Dimensional National Municipal Bond ETF by 245.4% in the second quarter. SJS Investment Consulting Inc. now owns 1,568 shares of the company’s stock valued at $75,000 after purchasing an additional 1,114 shares during the period. Finally, Dopkins Wealth Management LLC bought a new stake in shares of Dimensional National Municipal Bond ETF during the third quarter valued at approximately $200,000.

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.