Root Financial Partners LLC raised its position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM – Free Report) by 19.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,596 shares of the company’s stock after acquiring an additional 12,444 shares during the quarter. Root Financial Partners LLC owned approximately 0.18% of Dimensional National Municipal Bond ETF worth $3,671,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of DFNM. MAI Capital Management purchased a new stake in shares of Dimensional National Municipal Bond ETF during the third quarter worth about $36,000. Geneos Wealth Management Inc. grew its stake in shares of Dimensional National Municipal Bond ETF by 292.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock worth $58,000 after purchasing an additional 911 shares during the last quarter. Blueline Advisors LLC purchased a new position in Dimensional National Municipal Bond ETF during the 4th quarter valued at about $114,000. Advisory Services Network LLC purchased a new position in Dimensional National Municipal Bond ETF during the 3rd quarter valued at about $146,000. Finally, Operose Advisors LLC bought a new position in Dimensional National Municipal Bond ETF during the 4th quarter valued at approximately $155,000.
Dimensional National Municipal Bond ETF Price Performance
DFNM opened at $48.33 on Thursday. Dimensional National Municipal Bond ETF has a one year low of $47.15 and a one year high of $48.87. The business has a 50 day simple moving average of $48.22 and a two-hundred day simple moving average of $48.32.
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.
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