HB Wealth Management LLC Decreases Stock Position in Dimensional National Municipal Bond ETF $DFNM

HB Wealth Management LLC trimmed its holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 46.7% during the second quarter, Holdings Channel.com reports. The fund owned 29,776 shares of the company’s stock after selling 26,054 shares during the period. HB Wealth Management LLC’s holdings in Dimensional National Municipal Bond ETF were worth $1,439,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mosaic Family Wealth Partners LLC raised its position in Dimensional National Municipal Bond ETF by 1.9% during the first quarter. Mosaic Family Wealth Partners LLC now owns 11,173 shares of the company’s stock worth $536,000 after acquiring an additional 210 shares during the last quarter. Verus Capital Partners LLC lifted its holdings in shares of Dimensional National Municipal Bond ETF by 2.2% in the fourth quarter. Verus Capital Partners LLC now owns 10,295 shares of the company’s stock valued at $496,000 after purchasing an additional 221 shares in the last quarter. Financial Engines Advisors L.L.C. grew its position in shares of Dimensional National Municipal Bond ETF by 0.5% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 48,400 shares of the company’s stock valued at $2,331,000 after purchasing an additional 226 shares during the last quarter. Navigoe LLC grew its position in shares of Dimensional National Municipal Bond ETF by 5.6% in the first quarter. Navigoe LLC now owns 4,309 shares of the company’s stock valued at $206,000 after purchasing an additional 227 shares during the last quarter. Finally, Signature Resources Capital Management LLC increased its stake in shares of Dimensional National Municipal Bond ETF by 0.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 28,207 shares of the company’s stock worth $1,352,000 after purchasing an additional 233 shares in the last quarter.

Dimensional National Municipal Bond ETF Price Performance

Shares of DFNM opened at $46.87 on Friday. Dimensional National Municipal Bond ETF has a 1-year low of $46.83 and a 1-year high of $48.87. The firm has a 50 day simple moving average of $47.75 and a 200-day simple moving average of $48.08.

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.