Sequoia Financial Advisors LLC Has $42.18 Million Stock Holdings in Dimensional National Municipal Bond ETF $DFNM

Sequoia Financial Advisors LLC raised its holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 880,025 shares of the company’s stock after buying an additional 30,153 shares during the period. Sequoia Financial Advisors LLC owned 2.03% of Dimensional National Municipal Bond ETF worth $42,180,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DFNM. Geneos Wealth Management Inc. increased its stake in shares of 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 purchasing an additional 911 shares during the last quarter. Blueline Advisors LLC bought a new stake in Dimensional National Municipal Bond ETF in the 4th quarter valued at $114,000. Advisory Services Network LLC acquired a new stake in Dimensional National Municipal Bond ETF during the 3rd quarter valued at $146,000. Operose Advisors LLC bought a new position in Dimensional National Municipal Bond ETF during the fourth quarter worth $155,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Dimensional National Municipal Bond ETF in the second quarter valued at $202,000.

Dimensional National Municipal Bond ETF Stock Performance

DFNM remained flat at $48.23 on Friday. 86,255 shares of the company were exchanged, compared to its average volume of 165,140. The firm’s fifty day simple moving average is $48.22 and its two-hundred day simple moving average is $48.33. Dimensional National Municipal Bond ETF has a twelve month low of $47.15 and a twelve 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.