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

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw unusually-strong trading volume on Wednesday . Approximately 303,683 shares were traded during trading, an increase of 91% from the previous session’s volume of 159,380 shares.The stock last traded at $48.1350 and had previously closed at $48.11.

Dimensional National Municipal Bond ETF Stock Performance

The stock has a 50-day simple moving average of $48.21 and a two-hundred day simple moving average of $47.80.

Institutional Trading of Dimensional National Municipal Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Comerica Bank raised its position in Dimensional National Municipal Bond ETF by 42.4% in the 1st quarter. Comerica Bank now owns 7,711 shares of the company’s stock worth $367,000 after purchasing an additional 2,297 shares during the period. Entrewealth LLC boosted its holdings in Dimensional National Municipal Bond ETF by 13.2% during the 1st quarter. Entrewealth LLC now owns 159,113 shares of the company’s stock valued at $7,569,000 after acquiring an additional 18,520 shares during the period. Note Advisors LLC boosted its holdings in Dimensional National Municipal Bond ETF by 25.9% during the 1st quarter. Note Advisors LLC now owns 18,957 shares of the company’s stock valued at $902,000 after acquiring an additional 3,898 shares during the period. Betterment LLC lifted its position in Dimensional National Municipal Bond ETF by 21.0% in the first quarter. Betterment LLC now owns 11,700 shares of the company’s stock valued at $557,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Dimensional National Municipal Bond ETF by 6.5% during the first quarter. Royal Bank of Canada now owns 30,965 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,889 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.