North Ridge Wealth Advisors Inc. Increases Stock Holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

North Ridge Wealth Advisors Inc. increased its holdings in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 41.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,981 shares of the company’s stock after acquiring an additional 9,975 shares during the period. Dimensional National Municipal Bond ETF accounts for about 1.4% of North Ridge Wealth Advisors Inc.’s holdings, making the stock its 15th biggest holding. North Ridge Wealth Advisors Inc.’s holdings in Dimensional National Municipal Bond ETF were worth $1,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Compass Financial Group Inc. lifted its holdings in Dimensional National Municipal Bond ETF by 2.2% in the 3rd quarter. Compass Financial Group Inc. now owns 171,421 shares of the company’s stock valued at $7,966,000 after purchasing an additional 3,643 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in Dimensional National Municipal Bond ETF by 47.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 15,801 shares of the company’s stock valued at $753,000 after purchasing an additional 5,053 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Dimensional National Municipal Bond ETF by 3.1% in the 3rd quarter. Park Avenue Securities LLC now owns 29,306 shares of the company’s stock valued at $1,362,000 after purchasing an additional 880 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new position in Dimensional National Municipal Bond ETF in the 3rd quarter valued at $357,000. Finally, Sigma Planning Corp purchased a new position in Dimensional National Municipal Bond ETF in the 3rd quarter valued at $260,000.

Dimensional National Municipal Bond ETF Stock Performance

Shares of DFNM stock opened at $48.09 on Friday. The stock’s fifty day moving average is $48.24 and its two-hundred day moving average is $47.67. Dimensional National Municipal Bond ETF has a fifty-two week low of $46.10 and a fifty-two week high of $48.64.

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.