Sequoia Financial Advisors LLC Reduces Stock Holdings in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Sequoia Financial Advisors LLC lessened its stake in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 557,728 shares of the company’s stock after selling 34,686 shares during the period. Sequoia Financial Advisors LLC’s holdings in Dimensional National Municipal Bond ETF were worth $27,072,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Aptus Capital Advisors LLC bought a new position in Dimensional National Municipal Bond ETF during the second quarter valued at $29,000. City State Bank purchased a new position in shares of Dimensional National Municipal Bond ETF during the 2nd quarter worth about $50,000. SJS Investment Consulting Inc. grew its holdings in Dimensional National Municipal Bond ETF by 245.4% during the 2nd quarter. SJS Investment Consulting Inc. now owns 1,568 shares of the company’s stock valued at $75,000 after purchasing an additional 1,114 shares during the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new stake in Dimensional National Municipal Bond ETF in the 3rd quarter worth about $219,000. Finally, Choreo LLC bought a new stake in Dimensional National Municipal Bond ETF in the second quarter worth about $220,000.

Dimensional National Municipal Bond ETF Stock Down 0.4 %

Shares of NYSEARCA:DFNM traded down $0.17 during trading hours on Tuesday, hitting $48.07. 4,352 shares of the company’s stock traded hands, compared to its average volume of 86,679. The business has a fifty day moving average price of $48.37 and a 200-day moving average price of $48.04. Dimensional National Municipal Bond ETF has a 1 year low of $46.10 and a 1 year high of $48.67.

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.