Sequoia Financial Advisors LLC Sells 34,686 Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Sequoia Financial Advisors LLC trimmed its stake in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 5.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 557,728 shares of the company’s stock after selling 34,686 shares during the period. Sequoia Financial Advisors LLC owned 2.15% of Dimensional National Municipal Bond ETF worth $27,072,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DFNM. Aptus Capital Advisors LLC purchased a new position in shares of Dimensional National Municipal Bond ETF during the second quarter valued at about $29,000. City State Bank purchased a new stake in shares of Dimensional National Municipal Bond ETF during the 2nd quarter worth approximately $50,000. SJS Investment Consulting Inc. boosted its position in shares of 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 acquiring an additional 1,114 shares during the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of Dimensional National Municipal Bond ETF in the third quarter valued at $219,000. Finally, Choreo LLC bought a new stake in Dimensional National Municipal Bond ETF in the second quarter worth $220,000.

Dimensional National Municipal Bond ETF Price Performance

DFNM stock traded down $0.17 during trading on Tuesday, hitting $48.07. 4,352 shares of the company’s stock traded hands, compared to its average volume of 86,679. Dimensional National Municipal Bond ETF has a 52 week low of $46.10 and a 52 week high of $48.67. The business has a fifty day simple moving average of $48.37 and a 200 day simple moving average of $48.04.

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.