HighTower Advisors LLC Acquires 125,000 Shares of Dimensional California Municipal Bond ETF $DFCA

HighTower Advisors LLC raised its stake in shares of Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) by 14.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 969,422 shares of the company’s stock after acquiring an additional 125,000 shares during the period. HighTower Advisors LLC owned approximately 0.09% of Dimensional California Municipal Bond ETF worth $48,301,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DFCA. Envestnet Asset Management Inc. boosted its position in shares of Dimensional California Municipal Bond ETF by 7.1% during the second quarter. Envestnet Asset Management Inc. now owns 4,740,194 shares of the company’s stock worth $233,597,000 after acquiring an additional 316,227 shares during the last quarter. Red Lighthouse Investment Management LLC lifted its stake in Dimensional California Municipal Bond ETF by 11.3% in the 2nd quarter. Red Lighthouse Investment Management LLC now owns 7,174 shares of the company’s stock worth $354,000 after purchasing an additional 726 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Dimensional California Municipal Bond ETF by 0.8% during the 2nd quarter. Savant Capital LLC now owns 35,336 shares of the company’s stock valued at $1,741,000 after purchasing an additional 265 shares during the last quarter. Kaizen Financial Strategies purchased a new position in shares of Dimensional California Municipal Bond ETF during the second quarter valued at about $232,000. Finally, Root Financial Partners LLC increased its holdings in shares of Dimensional California Municipal Bond ETF by 30.4% in the second quarter. Root Financial Partners LLC now owns 33,291 shares of the company’s stock worth $1,641,000 after purchasing an additional 7,753 shares during the last quarter.

Dimensional California Municipal Bond ETF Trading Up 0.1%

NYSEARCA:DFCA opened at $50.71 on Wednesday. The business’s 50-day moving average is $50.29 and its 200 day moving average is $50.00. Dimensional California Municipal Bond ETF has a 12 month low of $47.87 and a 12 month high of $50.75.

Dimensional California Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 20th. Stockholders of record on Wednesday, February 18th will be given a dividend of $0.0967 per share. The ex-dividend date is Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Dimensional California Municipal Bond ETF’s previous monthly dividend of $0.04.

Dimensional California Municipal Bond ETF Company Profile

The Dimensional California Municipal Bond ETF (DFCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature. DFCA was launched on Jun 26, 2023 and is managed by Dimensional.