Confluence Investment Management LLC Has $9.17 Million Stake in Dimensional National Municipal Bond ETF $DFNM

Confluence Investment Management LLC trimmed its position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 7.7% during the second quarter, Holdings Channel reports. The firm owned 189,628 shares of the company’s stock after selling 15,734 shares during the quarter. Confluence Investment Management LLC’s holdings in Dimensional National Municipal Bond ETF were worth $9,166,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Focus Partners Wealth lifted its stake in shares of Dimensional National Municipal Bond ETF by 42.5% during the 4th quarter. Focus Partners Wealth now owns 3,662,918 shares of the company’s stock worth $176,443,000 after buying an additional 1,093,169 shares during the last quarter. Truepoint Inc. raised its position in shares of Dimensional National Municipal Bond ETF by 4.0% in the 4th quarter. Truepoint Inc. now owns 2,974,080 shares of the company’s stock valued at $143,261,000 after buying an additional 114,271 shares in the last quarter. Symmetry Partners LLC bought a new stake in Dimensional National Municipal Bond ETF during the fourth quarter worth $63,911,000. Apella Capital LLC lifted its position in shares of Dimensional National Municipal Bond ETF by 93.6% during the 1st quarter. Apella Capital LLC now owns 1,320,176 shares of the company’s stock worth $63,897,000 after buying an additional 638,280 shares during the last quarter. Finally, GeoWealth Management LLC boosted its stake in shares of Dimensional National Municipal Bond ETF by 2.1% in the 4th quarter. GeoWealth Management LLC now owns 882,985 shares of the company’s stock valued at $42,533,000 after purchasing an additional 18,481 shares in the last quarter.

Dimensional National Municipal Bond ETF Stock Up 0.0%

NYSEARCA DFNM opened at $47.67 on Tuesday. Dimensional National Municipal Bond ETF has a fifty-two week low of $47.27 and a fifty-two week high of $48.87. The firm’s fifty day moving average price is $48.15 and its two-hundred day moving average price is $48.29.

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.