Physician Wealth Advisors Inc. Lowers Position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Physician Wealth Advisors Inc. decreased its holdings in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 58.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,449 shares of the company’s stock after selling 6,227 shares during the period. Physician Wealth Advisors Inc.’s holdings in Dimensional National Municipal Bond ETF were worth $213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DFNM. Principal Securities Inc. purchased a new position in shares of Dimensional National Municipal Bond ETF during the fourth quarter worth about $40,000. MilWealth Group LLC purchased a new position in Dimensional National Municipal Bond ETF in the 4th quarter worth approximately $96,000. JDH Wealth Management LLC bought a new position in shares of Dimensional National Municipal Bond ETF in the 4th quarter worth $207,000. TRU Independence Asset Management 2 LLC purchased a new stake in shares of Dimensional National Municipal Bond ETF during the 4th quarter valued at $240,000. Finally, Breakwater Capital Group lifted its holdings in shares of Dimensional National Municipal Bond ETF by 11.1% during the 4th quarter. Breakwater Capital Group now owns 5,197 shares of the company’s stock worth $248,000 after acquiring an additional 519 shares during the last quarter.

Dimensional National Municipal Bond ETF Trading Up 0.3 %

Shares of NYSEARCA:DFNM opened at $47.47 on Friday. Dimensional National Municipal Bond ETF has a 52-week low of $47.34 and a 52-week high of $48.67. The firm has a fifty day moving average of $47.92 and a 200 day moving average of $48.05.

Dimensional National Municipal Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a $0.1286 dividend. This is a boost from Dimensional National Municipal Bond ETF’s previous dividend of $0.10. The ex-dividend date was Tuesday, March 25th.

Dimensional National Municipal Bond ETF Company 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.