Brown Brothers Harriman & Co. Has $793,000 Position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Brown Brothers Harriman & Co. lessened its holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 39.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,600 shares of the company’s stock after selling 10,775 shares during the period. Brown Brothers Harriman & Co. owned 0.06% of Dimensional National Municipal Bond ETF worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in shares of Dimensional National Municipal Bond ETF during the fourth quarter worth approximately $40,000. MilWealth Group LLC bought a new stake in Dimensional National Municipal Bond ETF in the 4th quarter valued at $96,000. JDH Wealth Management LLC bought a new stake in Dimensional National Municipal Bond ETF in the 4th quarter valued at $207,000. TRU Independence Asset Management 2 LLC acquired a new position in Dimensional National Municipal Bond ETF in the 4th quarter valued at $240,000. Finally, Breakwater Capital Group increased its position in 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 buying an additional 519 shares during the period.

Dimensional National Municipal Bond ETF Price Performance

DFNM opened at $47.47 on Monday. The stock has a fifty day moving average of $47.92 and a 200-day moving average of $48.04. Dimensional National Municipal Bond ETF has a fifty-two week low of $47.34 and a fifty-two week high of $48.67.

Dimensional National Municipal Bond ETF Increases Dividend

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

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.