Collective Family Office LLC Has $11.09 Million Position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Collective Family Office LLC lifted its holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 14.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 232,820 shares of the company’s stock after purchasing an additional 29,981 shares during the period. Dimensional National Municipal Bond ETF comprises 4.3% of Collective Family Office LLC’s holdings, making the stock its biggest position. Collective Family Office LLC owned 1.39% of Dimensional National Municipal Bond ETF worth $11,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DFNM. Belpointe Asset Management LLC bought a new position in Dimensional National Municipal Bond ETF in the fourth quarter worth about $26,000. Royal Bank of Canada bought a new position in shares of Dimensional National Municipal Bond ETF during the 3rd quarter worth approximately $29,000. UBS Group AG lifted its position in Dimensional National Municipal Bond ETF by 81.0% during the second quarter. UBS Group AG now owns 1,068 shares of the company’s stock valued at $51,000 after acquiring an additional 478 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Dimensional National Municipal Bond ETF in the first quarter valued at approximately $69,000. Finally, Advisor Group Holdings Inc. purchased a new position in Dimensional National Municipal Bond ETF in the first quarter worth $90,000.

Dimensional National Municipal Bond ETF Stock Performance

Shares of DFNM traded up $0.03 during midday trading on Monday, hitting $47.10. 14,327 shares of the company’s stock traded hands, compared to its average volume of 96,248. Dimensional National Municipal Bond ETF has a 1 year low of $46.44 and a 1 year high of $48.72. The firm’s fifty day moving average is $47.41 and its 200-day moving average is $47.68.

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.