Root Financial Partners LLC Has $3.09 Million Holdings in Dimensional National Municipal Bond ETF $DFNM

Root Financial Partners LLC raised its position in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 44.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 64,152 shares of the company’s stock after purchasing an additional 19,600 shares during the quarter. Root Financial Partners LLC’s holdings in Dimensional National Municipal Bond ETF were worth $3,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DFNM. Royal Bank of Canada increased its position in Dimensional National Municipal Bond ETF by 6.5% during the 1st quarter. Royal Bank of Canada now owns 30,965 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,889 shares during the period. NewEdge Advisors LLC increased its position in Dimensional National Municipal Bond ETF by 160.9% during the 1st quarter. NewEdge Advisors LLC now owns 26,937 shares of the company’s stock valued at $1,281,000 after purchasing an additional 16,613 shares during the period. Jane Street Group LLC increased its position in Dimensional National Municipal Bond ETF by 32.5% during the 1st quarter. Jane Street Group LLC now owns 44,323 shares of the company’s stock valued at $2,108,000 after purchasing an additional 10,866 shares during the period. Geneos Wealth Management Inc. increased its position in Dimensional National Municipal Bond ETF by 292.0% during the 1st 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 during the period. Finally, Cetera Investment Advisers acquired a new stake in Dimensional National Municipal Bond ETF during the 2nd quarter valued at approximately $383,000.

Dimensional National Municipal Bond ETF Price Performance

NYSEARCA:DFNM opened at $48.25 on Tuesday. Dimensional National Municipal Bond ETF has a fifty-two week low of $47.14 and a fifty-two week high of $48.87. The company has a 50 day simple moving average of $48.13 and a two-hundred day simple moving average of $48.31.

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.