Confluence Investment Management LLC lowered its position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM – Free Report) by 7.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,628 shares of the company’s stock after selling 15,734 shares during the period. Confluence Investment Management LLC owned 0.43% of Dimensional National Municipal Bond ETF worth $9,166,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings 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 worth $58,000 after buying an additional 911 shares in the last quarter. Blueline Advisors LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF in the 4th quarter valued at approximately $114,000. Advisory Services Network LLC bought a new position in shares of Dimensional National Municipal Bond ETF during the third quarter worth $146,000. Operose Advisors LLC bought a new position in Dimensional National Municipal Bond ETF during the fourth quarter worth about $155,000. Finally, Raymond James Financial Inc. bought a new stake in Dimensional National Municipal Bond ETF during the 2nd quarter worth approximately $202,000.
Dimensional National Municipal Bond ETF Stock Performance
Shares of NYSEARCA:DFNM opened at $47.67 on Tuesday. The company’s fifty day simple moving average is $48.15 and its 200 day simple moving average is $48.29. Dimensional National Municipal Bond ETF has a 12 month low of $47.27 and a 12 month high of $48.87.
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.
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