Sequoia Financial Advisors LLC Purchases 30,153 Shares of Dimensional National Municipal Bond ETF $DFNM

Sequoia Financial Advisors LLC boosted its position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 880,025 shares of the company’s stock after acquiring an additional 30,153 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Dimensional National Municipal Bond ETF were worth $42,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its position in shares of Dimensional National Municipal Bond ETF by 6.5% during the 1st quarter. Royal Bank of Canada now owns 30,965 shares of the company’s stock worth $1,473,000 after buying an additional 1,889 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Dimensional National Municipal Bond ETF by 160.9% in the 1st quarter. NewEdge Advisors LLC now owns 26,937 shares of the company’s stock valued at $1,281,000 after purchasing an additional 16,613 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Dimensional National Municipal Bond ETF by 32.5% during the first quarter. Jane Street Group LLC now owns 44,323 shares of the company’s stock worth $2,108,000 after buying an additional 10,866 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Dimensional National Municipal Bond ETF by 292.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after acquiring an additional 911 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in Dimensional National Municipal Bond ETF in the 2nd quarter worth about $383,000.

Dimensional National Municipal Bond ETF Stock Performance

Shares of NYSEARCA:DFNM remained flat at $48.23 during midday trading on Friday. The stock had a trading volume of 86,255 shares, compared to its average volume of 165,140. The business’s 50 day simple moving average is $48.22 and its 200-day simple moving average is $48.33. Dimensional National Municipal Bond ETF has a 52 week low of $47.15 and a 52 week high of $48.87.

About Dimensional National Municipal Bond ETF

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.