Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Unusually-High Trading Volume – Still a Buy?

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) shares saw unusually-high trading volume on Monday . Approximately 81,827 shares traded hands during trading, a decline of 32% from the previous session’s volume of 120,335 shares.The stock last traded at $47.84 and had previously closed at $47.84.

Dimensional National Municipal Bond ETF Price Performance

The business has a 50 day moving average price of $47.93 and a 200 day moving average price of $48.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new stake in shares of Dimensional National Municipal Bond ETF during the fourth quarter worth $40,000. First Horizon Advisors Inc. bought a new stake in shares of Dimensional National Municipal Bond ETF in the third quarter worth $45,000. MilWealth Group LLC bought a new stake in shares of Dimensional National Municipal Bond ETF in the fourth quarter worth $96,000. Navigoe LLC acquired a new position in Dimensional National Municipal Bond ETF during the fourth quarter worth $194,000. Finally, JDH Wealth Management LLC bought a new position in Dimensional National Municipal Bond ETF in the fourth quarter valued at $207,000.

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.