Austin Wealth Management LLC Grows Stake in Dimensional National Municipal Bond ETF $DFNM

Austin Wealth Management LLC boosted its position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 19.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 450,340 shares of the company’s stock after purchasing an additional 72,077 shares during the quarter. Dimensional National Municipal Bond ETF makes up 3.4% of Austin Wealth Management LLC’s portfolio, making the stock its 8th biggest position. Austin Wealth Management LLC owned approximately 1.23% of Dimensional National Municipal Bond ETF worth $21,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LJI Wealth Management LLC increased its stake in shares of Dimensional National Municipal Bond ETF by 2.4% in the 2nd quarter. LJI Wealth Management LLC now owns 9,043 shares of the company’s stock worth $429,000 after acquiring an additional 212 shares in the last quarter. Truist Financial Corp boosted its stake in Dimensional National Municipal Bond ETF by 0.5% during the second quarter. Truist Financial Corp now owns 50,665 shares of the company’s stock worth $2,403,000 after acquiring an additional 227 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in Dimensional National Municipal Bond ETF by 3.5% in the second quarter. Glass Jacobson Investment Advisors llc now owns 8,840 shares of the company’s stock worth $419,000 after purchasing an additional 299 shares during the period. Pure Financial Advisors LLC increased its stake in shares of Dimensional National Municipal Bond ETF by 0.8% during the third quarter. Pure Financial Advisors LLC now owns 38,661 shares of the company’s stock valued at $1,855,000 after purchasing an additional 310 shares in the last quarter. Finally, Sterling Wealth Advisors Inc increased its stake in shares of Dimensional National Municipal Bond ETF by 2.1% during the third quarter. Sterling Wealth Advisors Inc now owns 18,461 shares of the company’s stock valued at $891,000 after purchasing an additional 375 shares in the last quarter.

Dimensional National Municipal Bond ETF Trading Down 0.1%

DFNM stock opened at $48.64 on Friday. The firm has a 50 day moving average price of $48.32 and a 200-day moving average price of $48.03. Dimensional National Municipal Bond ETF has a 52-week low of $46.24 and a 52-week high of $48.68.

Dimensional National Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Wednesday, January 21st were paid a dividend of $0.0419 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 1.0%.

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.