Washington Trust Advisors Inc. Makes New $3.91 Million Investment in Dimensional National Municipal Bond ETF $DFNM

Washington Trust Advisors Inc. bought a new position in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 81,477 shares of the company’s stock, valued at approximately $3,909,000. Washington Trust Advisors Inc. owned approximately 0.22% of Dimensional National Municipal Bond ETF at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DFNM. Geneos Wealth Management Inc. raised its position in Dimensional National Municipal Bond ETF by 292.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock worth $58,000 after purchasing an additional 911 shares during the last quarter. Nemes Rush Group LLC raised its position in shares of Dimensional National Municipal Bond ETF by 40.4% during 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 during the last quarter. CWM LLC lifted its stake in shares of 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 acquiring an additional 1,210 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Dimensional National Municipal Bond ETF by 3,236.8% during the third quarter. Smartleaf Asset Management LLC now owns 3,804 shares of the company’s stock valued at $182,000 after acquiring an additional 3,690 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Dimensional National Municipal Bond ETF in the second quarter valued at about $202,000.

Dimensional National Municipal Bond ETF Trading Up 0.0%

Shares of DFNM stock opened at $48.73 on Monday. Dimensional National Municipal Bond ETF has a 12 month low of $46.24 and a 12 month high of $48.83. The stock has a 50-day moving average price of $48.42 and a 200 day moving average price of $48.14.

Dimensional National Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 20th. Investors of record on Wednesday, February 18th were paid a dividend of $0.1025 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Dimensional National Municipal Bond ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, February 18th.

Dimensional National Municipal Bond ETF 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.