Penney Financial LLC Takes Position in Dimensional National Municipal Bond ETF $DFNM

Penney Financial LLC bought a new stake in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,737 shares of the company’s stock, valued at approximately $1,523,000. Dimensional National Municipal Bond ETF accounts for about 0.7% of Penney Financial LLC’s portfolio, making the stock its 22nd biggest position. Penney Financial LLC owned 0.09% of Dimensional National Municipal Bond ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DFNM. Geneos Wealth Management Inc. grew its stake in shares of Dimensional National Municipal Bond ETF by 292.0% in 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. Nemes Rush Group LLC boosted its stake in Dimensional National Municipal Bond ETF by 40.4% in the 2nd quarter. Nemes Rush Group LLC now owns 1,460 shares of the company’s stock valued at $69,000 after buying an additional 420 shares in the last quarter. CWM LLC boosted its stake in Dimensional National Municipal Bond ETF by 143.7% in the 3rd quarter. CWM LLC now owns 2,052 shares of the company’s stock valued at $98,000 after buying an additional 1,210 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Dimensional National Municipal Bond ETF in the second quarter valued at $202,000. Finally, Level Financial Advisors acquired a new position in Dimensional National Municipal Bond ETF during the second quarter worth $274,000.

Dimensional National Municipal Bond ETF Price Performance

Shares of NYSEARCA DFNM opened at $48.17 on Friday. Dimensional National Municipal Bond ETF has a 52-week low of $46.24 and a 52-week high of $48.35. The business has a fifty day moving average of $48.20 and a two-hundred day moving average of $47.83.

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.