Savvy Advisors Inc. Takes $8.17 Million Position in Dimensional California Municipal Bond ETF $DFCA

Savvy Advisors Inc. purchased a new position in Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 164,040 shares of the company’s stock, valued at approximately $8,173,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DFCA. IFP Advisors Inc boosted its holdings in Dimensional California Municipal Bond ETF by 99.7% during the second quarter. IFP Advisors Inc now owns 2,003 shares of the company’s stock valued at $99,000 after purchasing an additional 1,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Dimensional California Municipal Bond ETF by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,740,194 shares of the company’s stock worth $233,597,000 after buying an additional 316,227 shares during the period. Red Lighthouse Investment Management LLC boosted its stake in Dimensional California Municipal Bond ETF by 11.3% in the 2nd quarter. Red Lighthouse Investment Management LLC now owns 7,174 shares of the company’s stock valued at $354,000 after buying an additional 726 shares in the last quarter. Savant Capital LLC grew its position in Dimensional California Municipal Bond ETF by 0.8% in the second quarter. Savant Capital LLC now owns 35,336 shares of the company’s stock valued at $1,741,000 after acquiring an additional 265 shares during the period. Finally, Kaizen Financial Strategies bought a new stake in Dimensional California Municipal Bond ETF in the second quarter valued at $232,000.

Dimensional California Municipal Bond ETF Price Performance

Shares of NYSEARCA DFCA opened at $50.60 on Thursday. Dimensional California Municipal Bond ETF has a 52-week low of $47.87 and a 52-week high of $50.64. The business has a fifty day moving average of $50.24 and a two-hundred day moving average of $49.95.

Dimensional California Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Wednesday, January 21st were issued a dividend of $0.0377 per share. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, January 21st.

Dimensional California Municipal Bond ETF Profile

The Dimensional California Municipal Bond ETF (DFCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature. DFCA was launched on Jun 26, 2023 and is managed by Dimensional.