Washington Trust Advisors Inc. Makes New Investment in Dimensional National Municipal Bond ETF $DFNM

Washington Trust Advisors Inc. acquired a new stake in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 81,477 shares of the company’s stock, valued at approximately $3,909,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aspiriant LLC boosted its holdings in shares of Dimensional National Municipal Bond ETF by 5.6% in the third quarter. Aspiriant LLC now owns 367,049 shares of the company’s stock valued at $17,611,000 after buying an additional 19,597 shares during the period. Citrine Capital LLC lifted its position in Dimensional National Municipal Bond ETF by 33.5% in the 3rd quarter. Citrine Capital LLC now owns 142,390 shares of the company’s stock valued at $6,832,000 after acquiring an additional 35,705 shares in the last quarter. Graves Light Lenhart Wealth Inc. boosted its stake in Dimensional National Municipal Bond ETF by 11.5% in the 3rd quarter. Graves Light Lenhart Wealth Inc. now owns 274,291 shares of the company’s stock worth $13,161,000 after purchasing an additional 28,228 shares during the period. Brady Martz Wealth Solutions LLC increased its holdings in Dimensional National Municipal Bond ETF by 10.3% during the 3rd quarter. Brady Martz Wealth Solutions LLC now owns 172,822 shares of the company’s stock worth $8,292,000 after purchasing an additional 16,142 shares in the last quarter. Finally, Penney Financial LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF in the 3rd quarter valued at about $1,523,000.

Dimensional National Municipal Bond ETF Stock Up 0.0%

DFNM stock opened at $48.73 on Monday. Dimensional National Municipal Bond ETF has a fifty-two week low of $46.24 and a fifty-two week high of $48.83. The business has a 50-day moving average of $48.42 and a 200-day moving average of $48.14.

Dimensional National Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 20th. Shareholders of record on Wednesday, February 18th were given a dividend of $0.1025 per share. This is a boost from Dimensional National Municipal Bond ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a c) annualized dividend and a yield of 2.5%.

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.