David Wealth Management LLC Makes New Investment in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

David Wealth Management LLC acquired a new stake in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 166,489 shares of the company’s stock, valued at approximately $7,953,000. Dimensional National Municipal Bond ETF makes up approximately 6.6% of David Wealth Management LLC’s portfolio, making the stock its 5th biggest position. David Wealth Management LLC owned 0.64% of Dimensional National Municipal Bond ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DFNM. Park Avenue Securities LLC increased its holdings in Dimensional National Municipal Bond ETF by 2.4% during the 4th quarter. Park Avenue Securities LLC now owns 40,159 shares of the company’s stock worth $1,918,000 after purchasing an additional 958 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of Dimensional National Municipal Bond ETF by 36.9% in the third quarter. Bleakley Financial Group LLC now owns 10,740 shares of the company’s stock worth $521,000 after buying an additional 2,894 shares during the last quarter. Stifel Financial Corp raised its holdings in Dimensional National Municipal Bond ETF by 3.3% in the third quarter. Stifel Financial Corp now owns 100,881 shares of the company’s stock valued at $4,897,000 after acquiring an additional 3,245 shares in the last quarter. Citrine Capital LLC acquired a new stake in Dimensional National Municipal Bond ETF in the fourth quarter valued at $2,468,000. Finally, Verus Financial Partners Inc. boosted its stake in Dimensional National Municipal Bond ETF by 1.8% during the 3rd quarter. Verus Financial Partners Inc. now owns 79,414 shares of the company’s stock valued at $3,858,000 after acquiring an additional 1,417 shares during the last quarter.

Dimensional National Municipal Bond ETF Price Performance

DFNM opened at $48.04 on Wednesday. The company has a 50-day moving average of $47.91 and a 200-day moving average of $48.13. Dimensional National Municipal Bond ETF has a 1-year low of $47.40 and a 1-year high of $48.67.

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.