Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Reaches New 1-Year Low – What’s Next?

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) shares hit a new 52-week low on Tuesday . The stock traded as low as $47.32 and last traded at $47.32, with a volume of 80793 shares changing hands. The stock had previously closed at $47.49.

Dimensional National Municipal Bond ETF Price Performance

The firm has a 50-day moving average of $47.92 and a 200-day moving average of $48.17.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

Several institutional investors have recently modified their holdings of DFNM. Geneos Wealth Management Inc. raised its position in Dimensional National Municipal Bond ETF by 292.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock worth $58,000 after buying an additional 911 shares during the last quarter. Blueline Advisors LLC purchased a new stake in shares of Dimensional National Municipal Bond ETF during the 4th quarter valued at about $114,000. Advisory Services Network LLC bought a new stake in shares of Dimensional National Municipal Bond ETF in the third quarter worth approximately $146,000. Operose Advisors LLC bought a new stake in shares of Dimensional National Municipal Bond ETF in the fourth quarter worth approximately $155,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Dimensional National Municipal Bond ETF during the second quarter valued at approximately $202,000.

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.