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

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw unusually-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 Trading Up 0.1 %

The company has a fifty day moving average price of $48.20 and a 200 day moving average price of $48.08.

Institutional Trading of Dimensional National Municipal Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DFNM. Pure Financial Advisors LLC increased its holdings in Dimensional National Municipal Bond ETF by 1.1% during the 3rd quarter. Pure Financial Advisors LLC now owns 19,337 shares of the company’s stock worth $939,000 after purchasing an additional 219 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in Dimensional National Municipal Bond ETF by 0.8% during the third quarter. Great Valley Advisor Group Inc. now owns 31,311 shares of the company’s stock worth $1,520,000 after buying an additional 241 shares in the last quarter. Landmark Wealth Management LLC raised its position in Dimensional National Municipal Bond ETF by 0.5% in the 3rd quarter. Landmark Wealth Management LLC now owns 46,324 shares of the company’s stock valued at $2,249,000 after buying an additional 253 shares during the last quarter. Spinnaker Investment Group LLC raised its position in Dimensional National Municipal Bond ETF by 2.1% in the 2nd quarter. Spinnaker Investment Group LLC now owns 14,740 shares of the company’s stock valued at $704,000 after buying an additional 309 shares during the last quarter. Finally, Western Wealth Management LLC lifted its stake in Dimensional National Municipal Bond ETF by 2.7% during the 2nd quarter. Western Wealth Management LLC now owns 13,337 shares of the company’s stock valued at $637,000 after acquiring an additional 347 shares in the last quarter.

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.