HighTower Advisors LLC Has $29.53 Million Stock Holdings in Dimensional National Municipal Bond ETF $DFNM

HighTower Advisors LLC raised its stake in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 615,488 shares of the company’s stock after purchasing an additional 36,934 shares during the quarter. HighTower Advisors LLC owned 1.66% of Dimensional National Municipal Bond ETF worth $29,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DFNM. LJI Wealth Management LLC boosted its stake in Dimensional National Municipal Bond ETF by 2.4% in the 2nd quarter. LJI Wealth Management LLC now owns 9,043 shares of the company’s stock valued at $429,000 after buying an additional 212 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Dimensional National Municipal Bond ETF by 3.5% during the second quarter. Glass Jacobson Investment Advisors llc now owns 8,840 shares of the company’s stock valued at $419,000 after acquiring an additional 299 shares during the period. Pure Financial Advisors LLC boosted its stake in shares of Dimensional National Municipal Bond ETF by 0.8% in the 3rd quarter. Pure Financial Advisors LLC now owns 38,661 shares of the company’s stock valued at $1,855,000 after purchasing an additional 310 shares in the last quarter. Sterling Wealth Advisors Inc grew its holdings in shares of Dimensional National Municipal Bond ETF by 2.1% in the 3rd quarter. Sterling Wealth Advisors Inc now owns 18,461 shares of the company’s stock worth $891,000 after purchasing an additional 375 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its holdings in Dimensional National Municipal Bond ETF by 1.1% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 33,685 shares of the company’s stock valued at $1,598,000 after purchasing an additional 376 shares during the last quarter.

Dimensional National Municipal Bond ETF Stock Performance

NYSEARCA:DFNM opened at $48.71 on Thursday. Dimensional National Municipal Bond ETF has a 12 month low of $46.24 and a 12 month high of $48.83. The company’s 50-day moving average price is $48.40 and its two-hundred day moving average price is $48.11.

Dimensional National Municipal Bond ETF Increases Dividend

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

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.