Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Reaches New 52-Week Low – Here’s What Happened

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) reached a new 52-week low on Monday . The company traded as low as $47.30 and last traded at $47.36, with a volume of 62788 shares traded. The stock had previously closed at $47.77.

Dimensional National Municipal Bond ETF Stock Down 1.5 %

The business’s 50 day moving average is $47.89 and its 200-day moving average is $48.01.

Dimensional National Municipal Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a $0.1286 dividend. The ex-dividend date was Tuesday, March 25th. This is an increase from Dimensional National Municipal Bond ETF’s previous dividend of $0.10.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Several large investors have recently modified their holdings of DFNM. Principal Securities Inc. acquired a new stake in Dimensional National Municipal Bond ETF during the fourth quarter valued at approximately $40,000. MilWealth Group LLC acquired a new position in shares of Dimensional National Municipal Bond ETF in the 4th quarter worth approximately $96,000. Navigoe LLC bought a new stake in shares of Dimensional National Municipal Bond ETF in the 4th quarter valued at approximately $194,000. JDH Wealth Management LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF during the 4th quarter valued at approximately $207,000. Finally, Kings Path Partners LLC bought a new position in Dimensional National Municipal Bond ETF during the first quarter worth $214,000.

Dimensional National Municipal Bond ETF Company Profile

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.