David Wealth Management LLC Decreases Stake in Dimensional National Municipal Bond ETF $DFNM

David Wealth Management LLC trimmed its position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,600 shares of the company’s stock after selling 479 shares during the quarter. Dimensional National Municipal Bond ETF makes up approximately 6.1% of David Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. David Wealth Management LLC owned approximately 0.52% of Dimensional National Municipal Bond ETF worth $8,186,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DFNM. Nemes Rush Group LLC lifted its stake in Dimensional National Municipal Bond ETF by 239.9% in the 1st quarter. Nemes Rush Group LLC now owns 1,040 shares of the company’s stock worth $49,000 after purchasing an additional 734 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Dimensional National Municipal Bond ETF by 292.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock worth $58,000 after purchasing an additional 911 shares during the period. Farther Finance Advisors LLC raised its position in shares of Dimensional National Municipal Bond ETF by 28.1% in the first quarter. Farther Finance Advisors LLC now owns 2,072 shares of the company’s stock worth $99,000 after buying an additional 455 shares in the last quarter. Stage Harbor Financial LLC bought a new stake in Dimensional National Municipal Bond ETF during the first quarter valued at $219,000. Finally, Summit Wealth Group LLC purchased a new position in Dimensional National Municipal Bond ETF during the first quarter worth about $241,000.

Dimensional National Municipal Bond ETF Stock Performance

Shares of NYSEARCA DFNM opened at $48.03 on Monday. The stock’s 50-day simple moving average is $47.65 and its two-hundred day simple moving average is $47.42. Dimensional National Municipal Bond ETF has a twelve month low of $46.24 and a twelve month high of $48.52.

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.