Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Reaches New 52-Week Low – Time to Sell?

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $47.25 and last traded at $47.2450, with a volume of 175847 shares changing hands. The stock had previously closed at $47.25.

Dimensional National Municipal Bond ETF Price Performance

The firm’s 50-day moving average is $47.78 and its 200 day moving average is $48.10.

Institutional Trading of Dimensional National Municipal Bond ETF

A number of institutional investors have recently modified their holdings of DFNM. Sequoia Financial Advisors LLC boosted its position in shares of Dimensional National Municipal Bond ETF by 1.8% during the second quarter. Sequoia Financial Advisors LLC now owns 896,162 shares of the company’s stock worth $43,316,000 after buying an additional 16,137 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Dimensional National Municipal Bond ETF by 1.0% during the second quarter. Integrated Wealth Concepts LLC now owns 206,692 shares of the company’s stock worth $9,990,000 after buying an additional 1,992 shares in the last quarter. IFP Advisors Inc raised its position in Dimensional National Municipal Bond ETF by 42.4% in the 2nd quarter. IFP Advisors Inc now owns 33,152 shares of the company’s stock valued at $1,602,000 after buying an additional 9,871 shares during the last quarter. XY Planning Network Inc. raised its position in Dimensional National Municipal Bond ETF by 31.7% in the 2nd quarter. XY Planning Network Inc. now owns 43,086 shares of the company’s stock valued at $2,083,000 after buying an additional 10,380 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Dimensional National Municipal Bond ETF by 4.4% in the 2nd quarter. Allworth Financial LP now owns 237,528 shares of the company’s stock valued at $11,481,000 after acquiring an additional 9,914 shares in the last quarter.

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.