Financial Engines Advisors L.L.C. Boosts Position in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM)

Financial Engines Advisors L.L.C. raised its holdings in shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) by 100.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,336 shares of the company’s stock after buying an additional 29,668 shares during the period. Financial Engines Advisors L.L.C. owned about 0.23% of Dimensional National Municipal Bond ETF worth $2,834,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in shares of Dimensional National Municipal Bond ETF during the fourth quarter worth about $40,000. MilWealth Group LLC acquired a new position in Dimensional National Municipal Bond ETF during the 4th quarter worth approximately $96,000. JDH Wealth Management LLC acquired a new position in Dimensional National Municipal Bond ETF during the 4th quarter worth approximately $207,000. TRU Independence Asset Management 2 LLC purchased a new position in Dimensional National Municipal Bond ETF in the 4th quarter worth approximately $240,000. Finally, Breakwater Capital Group grew its position in Dimensional National Municipal Bond ETF by 11.1% in the fourth quarter. Breakwater Capital Group now owns 5,197 shares of the company’s stock valued at $248,000 after acquiring an additional 519 shares in the last quarter.

Dimensional National Municipal Bond ETF Price Performance

NYSEARCA DFNM opened at $47.45 on Thursday. The company’s fifty day simple moving average is $47.93 and its 200-day simple moving average is $48.06. Dimensional National Municipal Bond ETF has a 52 week low of $47.40 and a 52 week high of $48.67.

Dimensional National Municipal Bond ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th will be issued a $0.1286 dividend. The ex-dividend date is Tuesday, March 25th. This is a positive change from Dimensional National Municipal Bond ETF’s previous dividend of $0.10.

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.