Spinnaker Investment Group LLC Raises Stock Holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Spinnaker Investment Group LLC grew its stake in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 41.7% during the first quarter, HoldingsChannel reports. The firm owned 14,431 shares of the company’s stock after purchasing an additional 4,248 shares during the quarter. Spinnaker Investment Group LLC’s holdings in Dimensional National Municipal Bond ETF were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Foster Group Inc. increased its holdings in shares of Dimensional National Municipal Bond ETF by 1,197.6% in the first quarter. Foster Group Inc. now owns 1,256,885 shares of the company’s stock valued at $60,444,000 after purchasing an additional 1,160,025 shares during the period. Pathstone Holdings LLC acquired a new position in Dimensional National Municipal Bond ETF during the fourth quarter worth $35,262,000. Buckingham Strategic Wealth LLC grew its holdings in Dimensional National Municipal Bond ETF by 3,173.1% during the fourth quarter. Buckingham Strategic Wealth LLC now owns 705,547 shares of the company’s stock worth $34,226,000 after acquiring an additional 683,991 shares during the period. Commonwealth Equity Services LLC grew its holdings in Dimensional National Municipal Bond ETF by 9.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 555,237 shares of the company’s stock worth $26,935,000 after acquiring an additional 46,826 shares during the period. Finally, Austin Wealth Management LLC grew its holdings in Dimensional National Municipal Bond ETF by 13.0% during the fourth quarter. Austin Wealth Management LLC now owns 490,704 shares of the company’s stock worth $23,711,000 after acquiring an additional 56,616 shares during the period.

Dimensional National Municipal Bond ETF Trading Up 0.2 %

DFNM stock traded up $0.08 on Thursday, reaching $47.83. 63,485 shares of the company’s stock were exchanged, compared to its average volume of 91,638. The stock has a fifty day moving average of $47.76 and a 200-day moving average of $48.05. Dimensional National Municipal Bond ETF has a twelve month low of $46.10 and a twelve month high of $48.59.

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.