HighTower Advisors LLC grew its position in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM – Free Report) by 48.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 350,658 shares of the company’s stock after buying an additional 114,236 shares during the period. HighTower Advisors LLC’s holdings in Dimensional National Municipal Bond ETF were worth $16,751,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in DFNM. Principal Securities Inc. purchased a new position in shares of Dimensional National Municipal Bond ETF during the 4th quarter valued at $40,000. First Horizon Advisors Inc. purchased a new stake in Dimensional National Municipal Bond ETF during the 3rd quarter worth about $45,000. MilWealth Group LLC purchased a new stake in Dimensional National Municipal Bond ETF during the 4th quarter worth about $96,000. JDH Wealth Management LLC purchased a new stake in Dimensional National Municipal Bond ETF during the 4th quarter worth about $207,000. Finally, TRU Independence Asset Management 2 LLC purchased a new stake in Dimensional National Municipal Bond ETF during the 4th quarter worth about $240,000.
Dimensional National Municipal Bond ETF Price Performance
Shares of DFNM opened at $47.81 on Friday. The stock’s 50-day simple moving average is $47.93 and its 200 day simple moving average is $48.09. Dimensional National Municipal Bond ETF has a 52-week low of $47.40 and a 52-week high of $48.67.
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.
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