Summit Wealth Group LLC Increases Stock Position in Dimensional National Municipal Bond ETF $DFNM

Summit Wealth Group LLC boosted its stake in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 1,187.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,171 shares of the company’s stock after purchasing an additional 60,110 shares during the quarter. Summit Wealth Group LLC owned about 0.19% of Dimensional National Municipal Bond ETF worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. LJI Wealth Management LLC raised its position in shares of Dimensional National Municipal Bond ETF by 2.4% during the 2nd quarter. LJI Wealth Management LLC now owns 9,043 shares of the company’s stock valued at $429,000 after buying an additional 212 shares in the last quarter. Truist Financial Corp raised its position in Dimensional National Municipal Bond ETF by 0.5% during the second quarter. Truist Financial Corp now owns 50,665 shares of the company’s stock valued at $2,403,000 after purchasing an additional 227 shares in the last quarter. Meredith Wealth Planning raised its position in Dimensional National Municipal Bond ETF by 4.0% during the first quarter. Meredith Wealth Planning now owns 6,490 shares of the company’s stock valued at $309,000 after purchasing an additional 250 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its position in Dimensional National Municipal Bond ETF by 3.5% during the second quarter. Glass Jacobson Investment Advisors llc now owns 8,840 shares of the company’s stock valued at $419,000 after purchasing an additional 299 shares in the last quarter. Finally, One Degree Advisors Inc raised its position in Dimensional National Municipal Bond ETF by 1.9% during the second quarter. One Degree Advisors Inc now owns 22,814 shares of the company’s stock valued at $1,082,000 after purchasing an additional 419 shares in the last quarter.

Dimensional National Municipal Bond ETF Price Performance

Shares of NYSEARCA DFNM opened at $48.19 on Thursday. Dimensional National Municipal Bond ETF has a 1-year low of $46.24 and a 1-year high of $48.49. The stock’s 50-day moving average is $48.03 and its 200 day moving average is $47.56.

Dimensional National Municipal Bond ETF 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.