Seven Mile Advisory Takes Position in Dimensional National Municipal Bond ETF $DFNM

Seven Mile Advisory acquired a new stake in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) in the third quarter, HoldingsChannel reports. The institutional investor acquired 66,526 shares of the company’s stock, valued at approximately $3,192,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Dimensional National Municipal Bond ETF by 6.5% during the first quarter. Royal Bank of Canada now owns 30,965 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,889 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Dimensional National Municipal Bond ETF by 160.9% in the first quarter. NewEdge Advisors LLC now owns 26,937 shares of the company’s stock worth $1,281,000 after purchasing an additional 16,613 shares in the last quarter. Jane Street Group LLC raised its position in shares of Dimensional National Municipal Bond ETF by 32.5% during the 1st quarter. Jane Street Group LLC now owns 44,323 shares of the company’s stock valued at $2,108,000 after purchasing an additional 10,866 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Dimensional National Municipal Bond ETF by 292.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after buying an additional 911 shares in the last quarter. Finally, Midwest Trust Co purchased a new position in shares of Dimensional National Municipal Bond ETF during the 2nd quarter valued at $345,000.

Dimensional National Municipal Bond ETF Stock Down 0.2%

Shares of Dimensional National Municipal Bond ETF stock opened at $48.32 on Friday. The company has a fifty day moving average of $48.56 and a 200 day moving average of $48.25. Dimensional National Municipal Bond ETF has a fifty-two week low of $46.24 and a fifty-two week high of $48.87.

Dimensional National Municipal Bond ETF Increases Dividend

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

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.