Baker Avenue Asset Management LP Buys 8,653 Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Baker Avenue Asset Management LP grew its stake in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 25.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 42,268 shares of the company’s stock after buying an additional 8,653 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Dimensional National Municipal Bond ETF were worth $2,052,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DFNM. Pure Financial Advisors LLC boosted its stake in Dimensional National Municipal Bond ETF by 1.1% in the 3rd quarter. Pure Financial Advisors LLC now owns 19,337 shares of the company’s stock worth $939,000 after purchasing an additional 219 shares during the period. Landmark Wealth Management LLC lifted its holdings in shares of Dimensional National Municipal Bond ETF by 0.5% in the third quarter. Landmark Wealth Management LLC now owns 46,324 shares of the company’s stock valued at $2,249,000 after purchasing an additional 253 shares in the last quarter. Spinnaker Investment Group LLC boosted its position in shares of Dimensional National Municipal Bond ETF by 2.1% during the second quarter. Spinnaker Investment Group LLC now owns 14,740 shares of the company’s stock worth $704,000 after buying an additional 309 shares during the period. Western Wealth Management LLC grew its holdings in shares of Dimensional National Municipal Bond ETF by 2.7% during the second quarter. Western Wealth Management LLC now owns 13,337 shares of the company’s stock worth $637,000 after buying an additional 347 shares in the last quarter. Finally, Investmark Advisory Group LLC raised its position in Dimensional National Municipal Bond ETF by 1.8% in the 1st quarter. Investmark Advisory Group LLC now owns 21,519 shares of the company’s stock valued at $1,035,000 after buying an additional 375 shares during the last quarter.

Dimensional National Municipal Bond ETF Stock Performance

NYSEARCA DFNM opened at $48.08 on Monday. Dimensional National Municipal Bond ETF has a 52 week low of $46.80 and a 52 week high of $48.67. The stock’s 50 day moving average price is $48.28 and its two-hundred day moving average price is $48.06.

Dimensional National Municipal Bond ETF 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.