Mills Wealth Advisors LLC Lowers Stake in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Mills Wealth Advisors LLC cut its position in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 27.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,175 shares of the company’s stock after selling 27,912 shares during the quarter. Dimensional National Municipal Bond ETF makes up 2.5% of Mills Wealth Advisors LLC’s investment portfolio, making the stock its 11th largest position. Mills Wealth Advisors LLC owned about 0.29% of Dimensional National Municipal Bond ETF worth $3,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DFNM. Aptus Capital Advisors LLC purchased a new stake in Dimensional National Municipal Bond ETF in the second quarter valued at approximately $29,000. City State Bank purchased a new stake in Dimensional National Municipal Bond ETF during the second quarter worth approximately $50,000. SJS Investment Consulting Inc. grew its stake in Dimensional National Municipal Bond ETF by 245.4% during the second quarter. SJS Investment Consulting Inc. now owns 1,568 shares of the company’s stock worth $75,000 after buying an additional 1,114 shares during the period. B.O.S.S. Retirement Advisors LLC purchased a new stake in Dimensional National Municipal Bond ETF during the third quarter worth approximately $219,000. Finally, Choreo LLC purchased a new stake in Dimensional National Municipal Bond ETF during the second quarter worth approximately $220,000.

Dimensional National Municipal Bond ETF Price Performance

DFNM traded down $0.06 during trading on Monday, hitting $48.29. 9,586 shares of the company’s stock were exchanged, compared to its average volume of 86,719. The stock has a 50 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.

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.