Demming Financial Services Corp ADV Makes New Investment in Dimensional National Municipal Bond ETF $DFNM

Demming Financial Services Corp ADV purchased a new stake in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,115 shares of the company’s stock, valued at approximately $1,354,000. Dimensional National Municipal Bond ETF accounts for 1.0% of Demming Financial Services Corp ADV’s investment portfolio, making the stock its 7th biggest position. Demming Financial Services Corp ADV owned 0.07% of Dimensional National Municipal Bond ETF at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MAI Capital Management bought a new position in shares of Dimensional National Municipal Bond ETF during the third quarter worth about $36,000. Geneos Wealth Management Inc. lifted its stake in Dimensional National Municipal Bond ETF by 292.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after acquiring an additional 911 shares in the last quarter. Nemes Rush Group LLC boosted its position in Dimensional National Municipal Bond ETF by 40.4% during the 2nd quarter. Nemes Rush Group LLC now owns 1,460 shares of the company’s stock worth $69,000 after acquiring an additional 420 shares during the last quarter. CWM LLC grew its stake in shares of Dimensional National Municipal Bond ETF by 143.7% during the 3rd quarter. CWM LLC now owns 2,052 shares of the company’s stock worth $98,000 after acquiring an additional 1,210 shares in the last quarter. Finally, Blueline Advisors LLC bought a new position in shares of Dimensional National Municipal Bond ETF during the 4th quarter worth approximately $114,000.

Dimensional National Municipal Bond ETF Trading Up 0.1%

NYSEARCA DFNM opened at $48.38 on Friday. The firm’s 50 day moving average is $48.57 and its 200-day moving average is $48.26. Dimensional National Municipal Bond ETF has a 12-month low of $46.24 and a 12-month high of $48.87.

Dimensional National Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 20th. Investors of record on Wednesday, February 18th were given a $0.1025 dividend. This represents a c) dividend on an annualized basis and a yield of 2.5%. This is an increase from Dimensional National Municipal Bond ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, February 18th.

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.