Modera Wealth Management LLC Sells 5,110 Shares of Dimensional National Municipal Bond ETF $DFNM

Modera Wealth Management LLC reduced its holdings in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 6.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 69,668 shares of the company’s stock after selling 5,110 shares during the period. Modera Wealth Management LLC owned about 0.21% of Dimensional National Municipal Bond ETF worth $3,304,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Truepoint Inc. increased its position in shares of Dimensional National Municipal Bond ETF by 1.3% during the first quarter. Truepoint Inc. now owns 2,735,267 shares of the company’s stock worth $130,117,000 after acquiring an additional 35,169 shares during the period. Focus Partners Wealth increased its stake in shares of Dimensional National Municipal Bond ETF by 3.8% during the first quarter. Focus Partners Wealth now owns 2,001,930 shares of the company’s stock valued at $95,232,000 after buying an additional 73,017 shares during the period. Foster Group Inc. lifted its stake in Dimensional National Municipal Bond ETF by 36.1% in the second quarter. Foster Group Inc. now owns 1,503,402 shares of the company’s stock worth $71,306,000 after acquiring an additional 399,029 shares during the period. Sequoia Financial Advisors LLC increased its position in Dimensional National Municipal Bond ETF by 5.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 781,593 shares of the company’s stock valued at $37,071,000 after purchasing an additional 36,904 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its holdings in shares of Dimensional National Municipal Bond ETF by 63.9% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 767,754 shares of the company’s stock valued at $36,522,000 after acquiring an additional 299,407 shares during the period.

Dimensional National Municipal Bond ETF Stock Performance

NYSEARCA:DFNM opened at $48.25 on Friday. The company’s 50-day simple moving average is $48.06 and its 200-day simple moving average is $47.58. Dimensional National Municipal Bond ETF has a fifty-two week low of $46.24 and a fifty-two week high of $48.49.

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.