MML Investors Services LLC Increases Stake in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

MML Investors Services LLC raised its stake in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 86.9% in the third quarter, Holdings Channel reports. The institutional investor owned 29,581 shares of the company’s stock after buying an additional 13,754 shares during the quarter. MML Investors Services LLC’s holdings in Dimensional National Municipal Bond ETF were worth $1,436,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Aptus Capital Advisors LLC purchased a new position in Dimensional National Municipal Bond ETF during the 2nd quarter valued at about $29,000. First Horizon Advisors Inc. purchased a new position in shares of Dimensional National Municipal Bond ETF during the third quarter worth about $45,000. Dopkins Wealth Management LLC purchased a new position in shares of Dimensional National Municipal Bond ETF during the third quarter worth about $200,000. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of Dimensional National Municipal Bond ETF during the third quarter worth about $219,000. Finally, Choreo LLC purchased a new position in shares of Dimensional National Municipal Bond ETF during the second quarter worth about $220,000.

Dimensional National Municipal Bond ETF Price Performance

Shares of NYSEARCA DFNM opened at $47.76 on Thursday. Dimensional National Municipal Bond ETF has a 12 month low of $47.40 and a 12 month high of $48.67. The business has a 50-day moving average of $48.15 and a 200-day moving average of $48.15.

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.