Jackson Thornton Wealth Management LLC Cuts Position in Dimensional National Municipal Bond ETF $DFNM

Jackson Thornton Wealth Management LLC decreased its stake in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 28.7% in the 1st quarter, Holdings Channel reports. The firm owned 42,387 shares of the company’s stock after selling 17,044 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Dimensional National Municipal Bond ETF were worth $2,046,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DFNM. Geneos Wealth Management Inc. grew its holdings in 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 valued at $58,000 after purchasing an additional 911 shares during the last quarter. Blueline Advisors LLC purchased a new stake in shares of Dimensional National Municipal Bond ETF in the fourth quarter valued at about $114,000. Advisory Services Network LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF in the third quarter valued at approximately $146,000. Operose Advisors LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF in the fourth quarter valued at approximately $155,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Dimensional National Municipal Bond ETF during the 2nd quarter worth approximately $202,000.

Dimensional National Municipal Bond ETF Stock Performance

Shares of Dimensional National Municipal Bond ETF stock opened at $48.28 on Wednesday. Dimensional National Municipal Bond ETF has a 1 year low of $47.15 and a 1 year high of $48.87. The business has a 50 day moving average price of $48.23 and a 200 day moving average price of $48.33.

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.