Confluence Investment Management LLC Acquires New Shares in Dimensional National Municipal Bond ETF $DFNM

Confluence Investment Management LLC bought a new position in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) during the third quarter, HoldingsChannel.com reports. The firm bought 181,363 shares of the company’s stock, valued at approximately $8,348,000.

Other large investors also recently bought and sold shares of the company. Focus Partners Wealth increased its position in shares of Dimensional National Municipal Bond ETF by 42.5% in the fourth quarter. Focus Partners Wealth now owns 3,662,918 shares of the company’s stock valued at $176,443,000 after buying an additional 1,093,169 shares in the last quarter. Truepoint Inc. boosted its position in shares of Dimensional National Municipal Bond ETF by 4.0% in the 4th quarter. Truepoint Inc. now owns 2,974,080 shares of the company’s stock worth $143,261,000 after buying an additional 114,271 shares in the last quarter. Apella Capital LLC boosted its position in shares of Dimensional National Municipal Bond ETF by 20.5% in the 2nd quarter. Apella Capital LLC now owns 1,590,906 shares of the company’s stock worth $76,814,000 after buying an additional 270,730 shares in the last quarter. Foster Group Inc. grew its stake in Dimensional National Municipal Bond ETF by 1.6% in the 2nd quarter. Foster Group Inc. now owns 1,483,405 shares of the company’s stock valued at $71,700,000 after acquiring an additional 23,179 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Dimensional National Municipal Bond ETF by 1.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 896,162 shares of the company’s stock valued at $43,316,000 after acquiring an additional 16,137 shares during the last quarter.

Dimensional National Municipal Bond ETF Stock Performance

NYSEARCA:DFNM traded up $0.26 during mid-day trading on Thursday, hitting $46.29. 281,596 shares of the company’s stock traded hands, compared to its average volume of 213,713. The firm’s 50 day simple moving average is $47.27 and its 200 day simple moving average is $47.87. Dimensional National Municipal Bond ETF has a 1 year low of $45.70 and a 1 year high of $48.87.

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.