Modera Wealth Management LLC Trims Stock Position in Dimensional National Municipal Bond ETF $DFNM

Modera Wealth Management LLC cut its position in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,668 shares of the company’s stock after selling 5,110 shares during the period. Modera Wealth Management LLC’s holdings in Dimensional National Municipal Bond ETF were worth $3,304,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DFNM. Truepoint Inc. increased its stake in shares of Dimensional National Municipal Bond ETF by 1.3% in the 1st quarter. Truepoint Inc. now owns 2,735,267 shares of the company’s stock valued at $130,117,000 after purchasing an additional 35,169 shares in the last quarter. Focus Partners Wealth grew its stake in Dimensional National Municipal Bond ETF by 3.8% in the 1st quarter. Focus Partners Wealth now owns 2,001,930 shares of the company’s stock valued at $95,232,000 after acquiring an additional 73,017 shares during the period. Foster Group Inc. increased its holdings in Dimensional National Municipal Bond ETF by 36.1% in the 2nd quarter. Foster Group Inc. now owns 1,503,402 shares of the company’s stock worth $71,306,000 after acquiring an additional 399,029 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Dimensional National Municipal Bond ETF by 5.0% during the second quarter. Sequoia Financial Advisors LLC now owns 781,593 shares of the company’s stock valued at $37,071,000 after purchasing an additional 36,904 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its stake in Dimensional National Municipal Bond ETF by 63.9% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 767,754 shares of the company’s stock valued at $36,522,000 after buying an additional 299,407 shares in the last quarter.

Dimensional National Municipal Bond ETF Stock Up 0.1%

Shares of NYSEARCA:DFNM opened at $48.25 on Friday. Dimensional National Municipal Bond ETF has a 1 year low of $46.24 and a 1 year high of $48.49. The business’s 50 day moving average price is $48.06 and its 200-day moving average price is $47.58.

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.