Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Strong Trading Volume – What’s Next?

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw an uptick in trading volume on Wednesday . 149,867 shares were traded during trading, an increase of 58% from the previous session’s volume of 94,672 shares.The stock last traded at $47.52 and had previously closed at $47.79.

Dimensional National Municipal Bond ETF Stock Down 0.2 %

The firm has a fifty day moving average of $47.94 and a two-hundred day moving average of $48.07.

Dimensional National Municipal Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 25th will be paid a $0.1286 dividend. This is a positive change from Dimensional National Municipal Bond ETF’s previous dividend of $0.10. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Dimensional National Municipal Bond ETF by 3.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 505,032 shares of the company’s stock valued at $24,125,000 after acquiring an additional 16,074 shares during the period. Tableaux LLC purchased a new stake in Dimensional National Municipal Bond ETF in the 4th quarter worth approximately $692,000. SpringVest Wealth Management LLC bought a new position in Dimensional National Municipal Bond ETF in the 4th quarter valued at $543,000. American Investment Services Inc. grew its position in shares of Dimensional National Municipal Bond ETF by 1.6% during the 4th quarter. American Investment Services Inc. now owns 92,574 shares of the company’s stock valued at $4,422,000 after purchasing an additional 1,422 shares in the last quarter. Finally, XY Planning Network Inc. bought a new position in shares of Dimensional National Municipal Bond ETF in the fourth quarter worth $412,000.

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.