LPL Financial LLC Purchases 28,017 Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

LPL Financial LLC increased its position in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,351 shares of the company’s stock after purchasing an additional 28,017 shares during the period. LPL Financial LLC owned about 0.95% of Dimensional National Municipal Bond ETF worth $14,335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DFNM. Focus Partners Wealth grew its position in Dimensional National Municipal Bond ETF by 32.2% in the fourth quarter. Focus Partners Wealth now owns 1,928,913 shares of the company’s stock valued at $92,144,000 after acquiring an additional 469,893 shares during the period. Focus Partners Advisor Solutions LLC lifted its stake in shares of Dimensional National Municipal Bond ETF by 84.2% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 468,347 shares of the company’s stock valued at $22,373,000 after acquiring an additional 214,093 shares during the period. Vestment Financial LLC acquired a new position in Dimensional National Municipal Bond ETF in the fourth quarter valued at about $8,839,000. Sequoia Financial Advisors LLC lifted its stake in Dimensional National Municipal Bond ETF by 21.4% in the first quarter. Sequoia Financial Advisors LLC now owns 744,689 shares of the company’s stock valued at $35,425,000 after buying an additional 131,172 shares during the period. Finally, Apella Capital LLC lifted its stake in Dimensional National Municipal Bond ETF by 16.4% in the first quarter. Apella Capital LLC now owns 643,483 shares of the company’s stock valued at $30,186,000 after buying an additional 90,834 shares during the period.

Dimensional National Municipal Bond ETF Price Performance

NYSEARCA:DFNM opened at $47.40 on Thursday. Dimensional National Municipal Bond ETF has a 1-year low of $46.24 and a 1-year high of $48.67. The business’s 50-day moving average price is $47.33 and its two-hundred day moving average price is $47.50.

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.