Heffernan Advisory Inc. Makes New Investment in Dimensional National Municipal Bond ETF $DFNM

Heffernan Advisory Inc. bought a new position in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,897 shares of the company’s stock, valued at approximately $1,199,000. Dimensional National Municipal Bond ETF makes up about 1.1% of Heffernan Advisory Inc.’s portfolio, making the stock its 12th biggest position. Heffernan Advisory Inc. owned 0.06% of Dimensional National Municipal Bond ETF at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Truepoint Inc. raised its stake in Dimensional National Municipal Bond ETF by 8.4% during the third quarter. Truepoint Inc. now owns 2,859,809 shares of the company’s stock worth $137,214,000 after acquiring an additional 221,963 shares in the last quarter. Focus Partners Wealth raised its stake in Dimensional National Municipal Bond ETF by 22.9% during the third quarter. Focus Partners Wealth now owns 2,569,749 shares of the company’s stock worth $123,294,000 after acquiring an additional 479,262 shares in the last quarter. Symmetry Partners LLC acquired a new position in Dimensional National Municipal Bond ETF during the fourth quarter worth about $63,911,000. Sequoia Financial Advisors LLC raised its stake in Dimensional National Municipal Bond ETF by 3.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 849,872 shares of the company’s stock worth $40,938,000 after acquiring an additional 32,051 shares in the last quarter. Finally, Rather & Kittrell Inc. raised its stake in Dimensional National Municipal Bond ETF by 8.5% during the fourth quarter. Rather & Kittrell Inc. now owns 836,954 shares of the company’s stock worth $40,316,000 after acquiring an additional 65,302 shares in the last quarter.

Dimensional National Municipal Bond ETF Price Performance

Shares of NYSEARCA DFNM opened at $48.26 on Friday. Dimensional National Municipal Bond ETF has a 12 month low of $47.09 and a 12 month high of $48.87. The stock has a 50-day moving average price of $48.29 and a two-hundred day moving average price of $48.33.

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.