Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Unusually-High Trading Volume – Here’s What Happened

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) shares saw strong trading volume on Monday . Approximately 100,800 shares traded hands during trading, an increase of 16% from the previous session’s volume of 86,879 shares.The stock last traded at $48.18 and had previously closed at $48.09.

Dimensional National Municipal Bond ETF Price Performance

The company’s fifty day simple moving average is $48.21 and its 200 day simple moving average is $48.08.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

Institutional investors have recently modified their holdings of the business. Investmark Advisory Group LLC lifted its position in shares of Dimensional National Municipal Bond ETF by 1.8% during the 1st quarter. Investmark Advisory Group LLC now owns 21,519 shares of the company’s stock valued at $1,035,000 after acquiring an additional 375 shares during the period. Austin Wealth Management LLC lifted its position in Dimensional National Municipal Bond ETF by 5.1% during the first quarter. Austin Wealth Management LLC now owns 515,775 shares of the company’s stock worth $24,566,000 after purchasing an additional 25,071 shares during the period. 25 LLC increased its holdings in Dimensional National Municipal Bond ETF by 27.3% in the 2nd quarter. 25 LLC now owns 15,356 shares of the company’s stock valued at $734,000 after buying an additional 3,289 shares during the period. City State Bank acquired a new position in shares of Dimensional National Municipal Bond ETF in the 2nd quarter valued at approximately $50,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of Dimensional National Municipal Bond ETF by 33.7% during the 2nd quarter. Park Avenue Securities LLC now owns 44,455 shares of the company’s stock worth $2,124,000 after acquiring an additional 11,213 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.