Graves Light Lenhart Wealth Inc. lifted its holdings in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM – Free Report) by 15.3% during the second quarter, HoldingsChannel.com reports. The fund owned 556,651 shares of the company’s stock after purchasing an additional 73,862 shares during the quarter. Dimensional National Municipal Bond ETF makes up 2.5% of Graves Light Lenhart Wealth Inc.’s holdings, making the stock its 11th largest position. Graves Light Lenhart Wealth Inc.’s holdings in Dimensional National Municipal Bond ETF were worth $26,906,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. 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 valued at $58,000 after purchasing an additional 911 shares during the period. Blueline Advisors LLC purchased a new stake in Dimensional National Municipal Bond ETF during the fourth quarter worth about $114,000. Advisory Services Network LLC purchased a new stake in shares of Dimensional National Municipal Bond ETF during the 3rd quarter worth approximately $146,000. Operose Advisors LLC acquired a new stake in Dimensional National Municipal Bond ETF in the fourth quarter valued at $155,000. Finally, Raymond James Financial Inc. acquired a new stake in Dimensional National Municipal Bond ETF in the 2nd quarter valued at about $202,000.
Dimensional National Municipal Bond ETF Price Performance
Shares of DFNM opened at $47.80 on Thursday. Dimensional National Municipal Bond ETF has a 1-year low of $47.27 and a 1-year high of $48.87. The firm has a 50 day simple moving average of $48.14 and a 200-day simple moving average of $48.28.
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.
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