Dimensional National Municipal Bond ETF $DFNM Shares Sold by Legacy Financial Group Inc.

Legacy Financial Group Inc. trimmed its stake in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 17.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,114 shares of the company’s stock after selling 13,040 shares during the quarter. Dimensional National Municipal Bond ETF comprises 0.8% of Legacy Financial Group Inc.’s investment portfolio, making the stock its 26th biggest holding. Legacy Financial Group Inc. owned 0.17% of Dimensional National Municipal Bond ETF worth $3,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DFNM. Geneos Wealth Management Inc. increased its stake in shares of Dimensional National Municipal Bond ETF by 292.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after purchasing an additional 911 shares during the period. Nemes Rush Group LLC raised its position in Dimensional National Municipal Bond ETF by 40.4% in the second quarter. Nemes Rush Group LLC now owns 1,460 shares of the company’s stock worth $69,000 after acquiring an additional 420 shares in the last quarter. CWM LLC lifted its stake in Dimensional National Municipal Bond ETF by 143.7% during the third quarter. CWM LLC now owns 2,052 shares of the company’s stock valued at $98,000 after purchasing an additional 1,210 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Dimensional National Municipal Bond ETF during the 2nd quarter valued at $202,000. Finally, Creative Capital Management Investments LLC increased its stake in Dimensional National Municipal Bond ETF by 29.7% in the 3rd quarter. Creative Capital Management Investments LLC now owns 5,732 shares of the company’s stock worth $275,000 after purchasing an additional 1,311 shares in the last quarter.

Dimensional National Municipal Bond ETF Trading Up 0.0%

Shares of DFNM stock opened at $48.60 on Thursday. The stock’s fifty day simple moving average is $48.30 and its 200-day simple moving average is $48.01. Dimensional National Municipal Bond ETF has a 1-year low of $46.24 and a 1-year high of $48.61.

Dimensional National Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Wednesday, January 21st were paid a dividend of $0.0419 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 1.0%.

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.