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

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) shares saw unusually-high trading volume on Wednesday . Approximately 89,231 shares were traded during trading, an increase of 3% from the previous session’s volume of 86,350 shares.The stock last traded at $48.11 and had previously closed at $48.04.

Dimensional National Municipal Bond ETF Trading Up 0.0 %

The firm has a fifty day simple moving average of $48.27 and a 200 day simple moving average of $48.06.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Large investors have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC acquired a new position in shares of Dimensional National Municipal Bond ETF in the 2nd quarter worth approximately $29,000. First Horizon Advisors Inc. acquired a new position in shares of Dimensional National Municipal Bond ETF during the 3rd quarter worth about $45,000. City State Bank bought a new stake in Dimensional National Municipal Bond ETF during the second quarter worth about $50,000. SJS Investment Consulting Inc. raised its holdings in Dimensional National Municipal Bond ETF by 245.4% during the second quarter. SJS Investment Consulting Inc. now owns 1,568 shares of the company’s stock worth $75,000 after acquiring an additional 1,114 shares in the last quarter. Finally, Dopkins Wealth Management LLC bought a new position in Dimensional National Municipal Bond ETF in the third quarter valued at approximately $200,000.

About Dimensional National Municipal Bond ETF

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.