Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 52-Week Low – Should You Sell?

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $47.37 and last traded at $47.40, with a volume of 11693 shares changing hands. The stock had previously closed at $47.45.

Dimensional National Municipal Bond ETF Price Performance

The business’s fifty day moving average price is $47.93 and its 200 day moving average price is $48.06.

Dimensional National Municipal Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. purchased a new position in Dimensional National Municipal Bond ETF in the 4th quarter valued at $40,000. MilWealth Group LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF in the 4th quarter worth $96,000. Navigoe LLC purchased a new stake in shares of Dimensional National Municipal Bond ETF in the fourth quarter valued at about $194,000. JDH Wealth Management LLC acquired a new position in shares of Dimensional National Municipal Bond ETF during the fourth quarter worth about $207,000. Finally, TRU Independence Asset Management 2 LLC purchased a new position in Dimensional National Municipal Bond ETF during the fourth quarter worth about $240,000.

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.