Diversified Portfolios Inc. Trims Stock Holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Diversified Portfolios Inc. lessened its stake in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 24.9% in the third quarter, HoldingsChannel reports. The firm owned 5,693 shares of the company’s stock after selling 1,885 shares during the quarter. Diversified Portfolios Inc.’s holdings in Dimensional National Municipal Bond ETF were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DFNM. Beaird Harris Wealth Management LLC grew its holdings in shares of Dimensional National Municipal Bond ETF by 0.8% during the second quarter. Beaird Harris Wealth Management LLC now owns 847,601 shares of the company’s stock worth $40,490,000 after buying an additional 6,410 shares in the last quarter. MBL Wealth LLC grew its stake in Dimensional National Municipal Bond ETF by 1.3% in the 2nd quarter. MBL Wealth LLC now owns 698,473 shares of the company’s stock worth $33,366,000 after acquiring an additional 8,735 shares during the period. Rather & Kittrell Inc. raised its holdings in Dimensional National Municipal Bond ETF by 8.9% in the 3rd quarter. Rather & Kittrell Inc. now owns 632,168 shares of the company’s stock valued at $30,685,000 after acquiring an additional 51,929 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Dimensional National Municipal Bond ETF by 3.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 601,798 shares of the company’s stock valued at $28,748,000 after acquiring an additional 17,439 shares during the last quarter. Finally, Austin Wealth Management LLC lifted its stake in shares of Dimensional National Municipal Bond ETF by 4.3% during the 3rd quarter. Austin Wealth Management LLC now owns 588,429 shares of the company’s stock worth $28,556,000 after purchasing an additional 24,192 shares during the period.

Dimensional National Municipal Bond ETF Stock Performance

DFNM stock opened at $48.03 on Friday. The stock’s fifty day simple moving average is $48.26 and its 200-day simple moving average is $48.06. Dimensional National Municipal Bond ETF has a 52-week low of $47.07 and a 52-week high of $48.67.

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.