Seven Mile Advisory Invests $3.19 Million 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 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 66,526 shares of the company’s stock, valued at approximately $3,192,000. Seven Mile Advisory owned about 0.18% of Dimensional National Municipal Bond ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DFNM. Aspiriant LLC raised its stake in Dimensional National Municipal Bond ETF by 5.6% during the 3rd quarter. Aspiriant LLC now owns 367,049 shares of the company’s stock valued at $17,611,000 after buying an additional 19,597 shares during the last quarter. Citrine Capital LLC lifted its holdings in shares of Dimensional National Municipal Bond ETF by 33.5% during the 3rd quarter. Citrine Capital LLC now owns 142,390 shares of the company’s stock valued at $6,832,000 after buying an additional 35,705 shares during the period. Graves Light Lenhart Wealth Inc. boosted its stake in shares of Dimensional National Municipal Bond ETF by 11.5% in the 3rd quarter. Graves Light Lenhart Wealth Inc. now owns 274,291 shares of the company’s stock worth $13,161,000 after buying an additional 28,228 shares during the last quarter. Brady Martz Wealth Solutions LLC boosted its stake in shares of Dimensional National Municipal Bond ETF by 10.3% in the 3rd quarter. Brady Martz Wealth Solutions LLC now owns 172,822 shares of the company’s stock worth $8,292,000 after buying an additional 16,142 shares during the last quarter. Finally, Penney Financial LLC bought a new stake in shares of Dimensional National Municipal Bond ETF in the third quarter worth $1,523,000.

Dimensional National Municipal Bond ETF Trading Down 0.2%

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

Dimensional National Municipal Bond ETF Increases Dividend

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

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.