Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sets New 52-Week High – Still a Buy?

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)’s stock price reached a new 52-week high on Friday . The stock traded as high as $48.54 and last traded at $48.5350, with a volume of 32826 shares trading hands. The stock had previously closed at $48.50.

Dimensional National Municipal Bond ETF Trading Up 0.0%

The business’s 50-day simple moving average is $48.28 and its 200-day simple moving average is $47.99.

Dimensional National Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, January 21st were issued a dividend of $0.0419 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, January 21st.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MAI Capital Management acquired a new position in Dimensional National Municipal Bond ETF during the 3rd quarter worth $36,000. Geneos Wealth Management Inc. raised its stake in shares of Dimensional National Municipal Bond ETF by 292.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after purchasing an additional 911 shares in the last quarter. Nemes Rush Group LLC lifted its holdings in Dimensional National Municipal Bond ETF by 40.4% in the second quarter. Nemes Rush Group LLC now owns 1,460 shares of the company’s stock worth $69,000 after purchasing an additional 420 shares during the period. CWM LLC grew its position in Dimensional National Municipal Bond ETF by 143.7% in the 3rd quarter. CWM LLC now owns 2,052 shares of the company’s stock valued at $98,000 after buying an additional 1,210 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in Dimensional National Municipal Bond ETF by 32.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,775 shares of the company’s stock valued at $133,000 after buying an additional 674 shares during the period.

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.