Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw unusually-strong trading volume on Wednesday. Approximately 263,938 shares were traded during trading, an increase of 3% from the previous session’s volume of 255,952 shares. The stock last traded at $46.6860 and had previously closed at $46.59.

Dimensional National Municipal Bond ETF Price Performance

The firm’s fifty day moving average price is $46.89 and its 200 day moving average price is $47.70.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Mosaic Family Wealth Partners LLC grew its position in Dimensional National Municipal Bond ETF by 1.9% in the first quarter. Mosaic Family Wealth Partners LLC now owns 11,173 shares of the company’s stock worth $536,000 after acquiring an additional 210 shares in the last quarter. Navigoe LLC increased its stake in Dimensional National Municipal Bond ETF by 5.6% during the first quarter. Navigoe LLC now owns 4,309 shares of the company’s stock worth $206,000 after acquiring an additional 227 shares during the last quarter. Signature Resources Capital Management LLC raised its position in Dimensional National Municipal Bond ETF by 0.8% during the first quarter. Signature Resources Capital Management LLC now owns 28,207 shares of the company’s stock valued at $1,352,000 after purchasing an additional 233 shares during the period. E Wealth Partners LLC raised its position in Dimensional National Municipal Bond ETF by 0.3% during the first 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 during the period. Finally, Warburton Capital Management LLC raised its position in Dimensional National Municipal Bond ETF by 0.7% during the first quarter. Warburton Capital Management LLC now owns 43,369 shares of the company’s stock valued at $2,093,000 after purchasing an additional 314 shares during the period.

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.