Collective Family Office LLC Lowers Holdings in Dimensional National Municipal Bond ETF $DFNM

Collective Family Office LLC lowered its holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 14.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 118,896 shares of the company’s stock after selling 20,209 shares during the period. Dimensional National Municipal Bond ETF makes up 1.4% of Collective Family Office LLC’s holdings, making the stock its 24th biggest holding. Collective Family Office LLC owned approximately 0.34% of Dimensional National Municipal Bond ETF worth $5,705,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DFNM. Geneos Wealth Management Inc. boosted its position in Dimensional National Municipal Bond ETF by 292.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after buying an additional 911 shares during the period. Nemes Rush Group LLC raised its stake in shares of Dimensional National Municipal Bond ETF by 40.4% in the second quarter. Nemes Rush Group LLC now owns 1,460 shares of the company’s stock valued at $69,000 after acquiring an additional 420 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Dimensional National Municipal Bond ETF in the second quarter valued at $202,000. Level Financial Advisors acquired a new position in Dimensional National Municipal Bond ETF during the 2nd quarter worth $274,000. Finally, Seaside Wealth Management Inc. grew its stake in Dimensional National Municipal Bond ETF by 19.3% during the 2nd quarter. Seaside Wealth Management Inc. now owns 6,252 shares of the company’s stock worth $297,000 after purchasing an additional 1,013 shares in the last quarter.

Dimensional National Municipal Bond ETF Stock Performance

Shares of NYSEARCA DFNM opened at $48.04 on Wednesday. The stock’s 50-day moving average is $48.21 and its two-hundred day moving average is $47.77. Dimensional National Municipal Bond ETF has a 1-year low of $46.24 and a 1-year high of $48.35.

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.