Confluence Investment Management LLC Reduces Stock Position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Confluence Investment Management LLC cut its holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,417 shares of the company’s stock after selling 8,564 shares during the quarter. Confluence Investment Management LLC owned approximately 0.68% of Dimensional National Municipal Bond ETF worth $8,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Truepoint Inc. raised its holdings in Dimensional National Municipal Bond ETF by 0.8% in the 3rd quarter. Truepoint Inc. now owns 2,611,150 shares of the company’s stock worth $126,745,000 after purchasing an additional 20,203 shares in the last quarter. Beaird Harris Wealth Management LLC raised its stake in Dimensional National Municipal Bond ETF by 0.7% in the third quarter. Beaird Harris Wealth Management LLC now owns 853,154 shares of the company’s stock worth $41,412,000 after buying an additional 5,553 shares in the last quarter. Rather & Kittrell Inc. lifted its holdings in Dimensional National Municipal Bond ETF by 8.9% in the third quarter. Rather & Kittrell Inc. now owns 632,168 shares of the company’s stock worth $30,685,000 after buying an additional 51,929 shares during the period. Austin Wealth Management LLC boosted its position in Dimensional National Municipal Bond ETF by 4.3% during the 3rd quarter. Austin Wealth Management LLC now owns 588,429 shares of the company’s stock valued at $28,556,000 after acquiring an additional 24,192 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Dimensional National Municipal Bond ETF by 2.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 488,958 shares of the company’s stock worth $23,734,000 after acquiring an additional 12,541 shares during the period.

Dimensional National Municipal Bond ETF Stock Performance

DFNM opened at $47.81 on Friday. Dimensional National Municipal Bond ETF has a 52 week low of $47.40 and a 52 week high of $48.67. The business has a 50 day moving average of $48.03 and a 200-day moving average of $48.14.

About Dimensional National Municipal Bond ETF

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.