Dimensional National Municipal Bond ETF $DFNM Stock Position Boosted by Vestment Financial LLC

Vestment Financial LLC increased its holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 12.6% during the first quarter, HoldingsChannel.com reports. The fund owned 320,538 shares of the company’s stock after buying an additional 35,938 shares during the period. Dimensional National Municipal Bond ETF makes up approximately 8.0% of Vestment Financial LLC’s holdings, making the stock its 4th largest holding. Vestment Financial LLC’s holdings in Dimensional National Municipal Bond ETF were worth $15,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DFNM. Royal Bank of Canada grew 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 worth $1,473,000 after purchasing an additional 1,889 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Dimensional National Municipal Bond ETF by 160.9% in the first quarter. NewEdge Advisors LLC now owns 26,937 shares of the company’s stock valued at $1,281,000 after buying an additional 16,613 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Dimensional National Municipal Bond ETF by 32.5% during the first quarter. Jane Street Group LLC now owns 44,323 shares of the company’s stock worth $2,108,000 after buying an additional 10,866 shares during the period. Geneos Wealth Management Inc. boosted 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 worth $58,000 after buying an additional 911 shares during the period. Finally, Cetera Investment Advisers purchased a new position in shares of Dimensional National Municipal Bond ETF during the second quarter worth about $383,000.

Dimensional National Municipal Bond ETF Price Performance

DFNM stock remained flat at $48.23 during trading on Friday. The company had a trading volume of 86,255 shares, compared to its average volume of 165,140. Dimensional National Municipal Bond ETF has a 1 year low of $47.15 and a 1 year high of $48.87. The company has a fifty day simple moving average of $48.22 and a 200-day simple moving average of $48.33.

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.