Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Reaches New 12-Month Low – Should You Sell?

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $47.32 and last traded at $47.32, with a volume of 80793 shares traded. The stock had previously closed at $47.49.

Dimensional National Municipal Bond ETF Stock Performance

The business’s 50 day simple moving average is $47.92 and its two-hundred day simple moving average is $48.17.

Institutional Trading of Dimensional National Municipal Bond ETF

Hedge funds have recently bought and sold shares of the company. Focus Partners Wealth lifted its holdings in Dimensional National Municipal Bond ETF by 42.5% in the fourth quarter. Focus Partners Wealth now owns 3,662,918 shares of the company’s stock valued at $176,443,000 after acquiring an additional 1,093,169 shares during the period. Apella Capital LLC grew its position in shares of Dimensional National Municipal Bond ETF by 93.6% during the 1st quarter. Apella Capital LLC now owns 1,320,176 shares of the company’s stock valued at $63,897,000 after acquiring an additional 638,280 shares during the period. Waterford Advisors LLC purchased a new stake in shares of Dimensional National Municipal Bond ETF in the 4th quarter worth $23,838,000. Savant Capital LLC raised its holdings in Dimensional National Municipal Bond ETF by 357.0% in the 4th quarter. Savant Capital LLC now owns 523,582 shares of the company’s stock worth $25,221,000 after purchasing an additional 409,014 shares during the period. Finally, Truepoint Inc. grew its holdings in Dimensional National Municipal Bond ETF by 4.0% during the fourth quarter. Truepoint Inc. now owns 2,974,080 shares of the company’s stock valued at $143,261,000 after purchasing an additional 114,271 shares during the period.

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.