Sax Wealth Advisors LLC Has $4.87 Million Position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Sax Wealth Advisors LLC cut its stake in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,865 shares of the company’s stock after selling 9,303 shares during the period. Sax Wealth Advisors LLC owned approximately 0.39% of Dimensional National Municipal Bond ETF worth $4,866,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. First Horizon Advisors Inc. acquired a new position in Dimensional National Municipal Bond ETF in the third quarter valued at about $45,000. Dopkins Wealth Management LLC bought a new stake in shares of Dimensional National Municipal Bond ETF during the 3rd quarter worth approximately $200,000. B.O.S.S. Retirement Advisors LLC bought a new position in Dimensional National Municipal Bond ETF in the third quarter valued at approximately $219,000. Choreo LLC bought a new stake in Dimensional National Municipal Bond ETF during the second quarter worth $220,000. Finally, Farther Finance Advisors LLC bought a new position in shares of Dimensional National Municipal Bond ETF in the 3rd quarter valued at $240,000.

Dimensional National Municipal Bond ETF Stock Performance

Shares of DFNM stock opened at $47.77 on Friday. Dimensional National Municipal Bond ETF has a twelve month low of $47.40 and a twelve month high of $48.67. The business has a fifty day simple moving average of $47.98 and a 200 day simple moving average of $48.13.

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.