Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Hits New 12-Month Low – Here’s What Happened

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) 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. The stock had previously closed at $47.45.

Dimensional National Municipal Bond ETF Price Performance

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

Dimensional National Municipal Bond ETF Increases Dividend

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

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

A number of hedge funds have recently bought and sold shares of DFNM. Wealth Enhancement Advisory Services LLC grew its position in shares of Dimensional National Municipal Bond ETF by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 505,032 shares of the company’s stock worth $24,125,000 after buying an additional 16,074 shares in the last quarter. Tableaux LLC bought a new position in Dimensional National Municipal Bond ETF during the 4th quarter valued at $692,000. SpringVest Wealth Management LLC acquired a new position in Dimensional National Municipal Bond ETF during the 4th quarter worth $543,000. American Investment Services Inc. increased its position in shares of Dimensional National Municipal Bond ETF by 1.6% in the 4th quarter. American Investment Services Inc. now owns 92,574 shares of the company’s stock worth $4,422,000 after purchasing an additional 1,422 shares during the last quarter. Finally, XY Planning Network Inc. acquired a new stake in shares of Dimensional National Municipal Bond ETF in the 4th quarter valued at about $412,000.

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.