Sequoia Financial Advisors LLC Increases Stock Holdings in Dimensional National Municipal Bond ETF $DFNM

Sequoia Financial Advisors LLC increased its stake in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 896,162 shares of the company’s stock after purchasing an additional 16,137 shares during the quarter. Sequoia Financial Advisors LLC owned 1.91% of Dimensional National Municipal Bond ETF worth $43,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Dimensional National Municipal Bond ETF by 6.5% during the first quarter. Royal Bank of Canada now owns 30,965 shares of the company’s stock worth $1,473,000 after buying an additional 1,889 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Dimensional National Municipal Bond ETF by 160.9% in the 1st quarter. NewEdge Advisors LLC now owns 26,937 shares of the company’s stock worth $1,281,000 after acquiring an additional 16,613 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Dimensional National Municipal Bond ETF by 32.5% in the 1st quarter. Jane Street Group LLC now owns 44,323 shares of the company’s stock worth $2,108,000 after acquiring an additional 10,866 shares during the last quarter. Geneos Wealth Management Inc. boosted 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 period. Finally, Cetera Investment Advisers purchased a new position in shares of Dimensional National Municipal Bond ETF during the 2nd quarter worth about $383,000.

Dimensional National Municipal Bond ETF Trading Down 0.3%

Shares of NYSEARCA:DFNM opened at $47.09 on Thursday. Dimensional National Municipal Bond ETF has a 12 month low of $47.08 and a 12 month high of $48.87. The firm’s 50-day moving average is $47.78 and its 200 day moving average is $48.10.

Dimensional National Municipal Bond ETF Company 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.