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

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw unusually-high trading volume on Wednesday. 263,938 shares changed hands during mid-day 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 Stock Performance

The company has a 50-day simple moving average of $46.89 and a 200-day simple moving average of $47.70.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

A number of large investors have recently bought and sold shares of DFNM. Apella Capital LLC grew its position in Dimensional National Municipal Bond ETF by 6.3% in the 3rd quarter. Apella Capital LLC now owns 1,690,582 shares of the company’s stock valued at $77,885,000 after acquiring an additional 99,676 shares during the last quarter. Foster Group Inc. increased its stake in Dimensional National Municipal Bond ETF by 1.6% in the second quarter. Foster Group Inc. now owns 1,483,405 shares of the company’s stock worth $71,700,000 after purchasing an additional 23,179 shares during the period. AWM Capital LLC increased its stake in Dimensional National Municipal Bond ETF by 55.5% in the third quarter. AWM Capital LLC now owns 1,127,167 shares of the company’s stock worth $51,884,000 after purchasing an additional 402,115 shares during the period. Sequoia Financial Advisors LLC increased its stake in Dimensional National Municipal Bond ETF by 1.8% in the second quarter. Sequoia Financial Advisors LLC now owns 896,162 shares of the company’s stock worth $43,316,000 after purchasing an additional 16,137 shares during the period. Finally, Graves Light Lenhart Wealth Inc. increased its stake in Dimensional National Municipal Bond ETF by 10.0% in the third quarter. Graves Light Lenhart Wealth Inc. now owns 612,276 shares of the company’s stock worth $28,183,000 after purchasing an additional 55,625 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.