HighTower Advisors LLC Purchases 36,934 Shares of Dimensional National Municipal Bond ETF $DFNM

HighTower Advisors LLC raised its position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 615,488 shares of the company’s stock after purchasing an additional 36,934 shares during the period. HighTower Advisors LLC’s holdings in Dimensional National Municipal Bond ETF were worth $29,531,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DFNM. AWM Capital LLC increased its position in shares of Dimensional National Municipal Bond ETF by 38.4% in the 3rd quarter. AWM Capital LLC now owns 653,511 shares of the company’s stock valued at $31,355,000 after buying an additional 181,214 shares in the last quarter. Sentinel Wealth Management Inc. bought a new stake in shares of Dimensional National Municipal Bond ETF in the second quarter worth about $5,079,000. Savant Capital LLC raised its position in shares of Dimensional National Municipal Bond ETF by 284.1% during the third quarter. Savant Capital LLC now owns 114,568 shares of the company’s stock worth $5,497,000 after purchasing an additional 84,741 shares during the period. RAM Investment Partners LLC lifted its holdings in shares of Dimensional National Municipal Bond ETF by 23.4% during the 3rd quarter. RAM Investment Partners LLC now owns 414,648 shares of the company’s stock valued at $19,895,000 after purchasing an additional 78,741 shares in the last quarter. Finally, Austin Wealth Management LLC lifted its holdings in shares of Dimensional National Municipal Bond ETF by 19.1% during the 3rd quarter. Austin Wealth Management LLC now owns 450,340 shares of the company’s stock valued at $21,742,000 after purchasing an additional 72,077 shares in the last quarter.

Dimensional National Municipal Bond ETF Price Performance

NYSEARCA DFNM opened at $48.71 on Thursday. Dimensional National Municipal Bond ETF has a 52-week low of $46.24 and a 52-week high of $48.83. The business has a 50 day simple moving average of $48.40 and a 200 day simple moving average of $48.11.

Dimensional National Municipal Bond ETF Increases Dividend

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

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.