Dimensional US High Profitability ETF (NYSEARCA:DUHP) Reaches New 1-Year High – What’s Next?

Dimensional US High Profitability ETF (NYSEARCA:DUHP)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $35.45 and last traded at $35.45, with a volume of 1789 shares changing hands. The stock had previously closed at $35.18.

Dimensional US High Profitability ETF Stock Up 0.2 %

The firm’s 50 day simple moving average is $34.31 and its 200 day simple moving average is $32.91. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 21.58 and a beta of 0.92.

Institutional Investors Weigh In On Dimensional US High Profitability ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV boosted its position in shares of Dimensional US High Profitability ETF by 16.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 30,626,311 shares of the company’s stock valued at $919,734,000 after purchasing an additional 4,313,841 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Dimensional US High Profitability ETF by 14.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,430,960 shares of the company’s stock worth $941,496,000 after buying an additional 3,781,741 shares during the period. Foster Group Inc. grew its position in shares of Dimensional US High Profitability ETF by 17,602.4% in the second quarter. Foster Group Inc. now owns 2,043,924 shares of the company’s stock valued at $65,385,000 after purchasing an additional 2,032,378 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in Dimensional US High Profitability ETF by 35.0% in the 3rd quarter. Pure Financial Advisors LLC now owns 4,628,551 shares of the company’s stock valued at $157,695,000 after buying an additional 1,200,771 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC bought a new position in Dimensional US High Profitability ETF during the second quarter worth $34,026,000.

Dimensional US High Profitability ETF Company Profile

The Dimensional US High Profitability ETF (DUHP) is an exchange-traded fund that mostly invests in large cap equity. The fund invests in a broad and diverse group of large-cap US stocks actively selected based on perceived higher profitability relative to other US large-cap companies. DUHP was launched on Feb 23, 2022 and is managed by Dimensional.