HighTower Advisors LLC Acquires 125,000 Shares of Dimensional California Municipal Bond ETF $DFCA

HighTower Advisors LLC increased its holdings in Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) by 14.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 969,422 shares of the company’s stock after acquiring an additional 125,000 shares during the quarter. HighTower Advisors LLC owned about 8.66% of Dimensional California Municipal Bond ETF worth $48,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Elmwood Wealth Management Inc. increased its position in Dimensional California Municipal Bond ETF by 16.2% during the 3rd quarter. Elmwood Wealth Management Inc. now owns 62,840 shares of the company’s stock valued at $3,131,000 after buying an additional 8,750 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in shares of Dimensional California Municipal Bond ETF in the third quarter worth $8,173,000. Hurlow Wealth Management Group Inc. increased its holdings in shares of Dimensional California Municipal Bond ETF by 6.2% during the third quarter. Hurlow Wealth Management Group Inc. now owns 6,966 shares of the company’s stock valued at $347,000 after acquiring an additional 405 shares in the last quarter. RAM Investment Partners LLC increased its holdings in shares of Dimensional California Municipal Bond ETF by 12.0% during the third quarter. RAM Investment Partners LLC now owns 9,327 shares of the company’s stock valued at $465,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Red Lighthouse Investment Management LLC raised its position in shares of Dimensional California Municipal Bond ETF by 4.1% in the 3rd quarter. Red Lighthouse Investment Management LLC now owns 7,468 shares of the company’s stock worth $372,000 after purchasing an additional 294 shares during the last quarter.

Dimensional California Municipal Bond ETF Stock Performance

NYSEARCA:DFCA opened at $50.71 on Wednesday. Dimensional California Municipal Bond ETF has a fifty-two week low of $47.87 and a fifty-two week high of $50.75. The firm has a 50-day simple moving average of $50.29 and a two-hundred day simple moving average of $50.00.

Dimensional California Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 20th. Investors of record on Wednesday, February 18th will be issued a $0.0967 dividend. This is an increase from Dimensional California Municipal Bond ETF’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, February 18th.

About Dimensional California Municipal Bond ETF

The Dimensional California Municipal Bond ETF (DFCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature. DFCA was launched on Jun 26, 2023 and is managed by Dimensional.