Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Position Raised by Austin Wealth Management LLC

Austin Wealth Management LLC raised its stake in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 601,424 shares of the company’s stock after buying an additional 12,995 shares during the quarter. Dimensional National Municipal Bond ETF accounts for about 6.0% of Austin Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Austin Wealth Management LLC’s holdings in Dimensional National Municipal Bond ETF were worth $28,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DFNM. Principal Securities Inc. purchased a new position in Dimensional National Municipal Bond ETF in the fourth quarter worth about $40,000. First Horizon Advisors Inc. purchased a new stake in shares of Dimensional National Municipal Bond ETF during the third quarter valued at $45,000. MilWealth Group LLC bought a new stake in Dimensional National Municipal Bond ETF in the 4th quarter worth about $96,000. Dopkins Wealth Management LLC purchased a new stake in shares of Dimensional National Municipal Bond ETF during the 3rd quarter valued at about $200,000. Finally, JDH Wealth Management LLC bought a new stake in shares of Dimensional National Municipal Bond ETF in the fourth quarter worth approximately $207,000.

Dimensional National Municipal Bond ETF Stock Performance

Shares of Dimensional National Municipal Bond ETF stock opened at $47.97 on Wednesday. The company’s 50 day moving average is $47.93 and its 200 day moving average is $48.10. Dimensional National Municipal Bond ETF has a twelve month low of $47.40 and a twelve month high of $48.67.

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.