Dimensional US High Profitability ETF (NYSEARCA:DUHP) Hits New 1-Year High – Should You Buy?

Dimensional US High Profitability ETF (NYSEARCA:DUHP) hit a new 52-week high during trading on Friday . The stock traded as high as $38.60 and last traded at $38.5450, with a volume of 24313 shares. The stock had previously closed at $38.51.

Dimensional US High Profitability ETF Stock Up 0.0%

The stock has a market cap of $10.12 billion, a PE ratio of 24.91 and a beta of 0.97. The business’s 50-day simple moving average is $37.87 and its 200-day simple moving average is $36.99.

Hedge Funds Weigh In On Dimensional US High Profitability ETF

Several hedge funds and other institutional investors have recently modified their holdings of DUHP. Legacy Financial Group Inc. lifted its position in shares of Dimensional US High Profitability ETF by 2.7% in the second quarter. Legacy Financial Group Inc. now owns 448,307 shares of the company’s stock worth $15,942,000 after buying an additional 11,995 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in Dimensional US High Profitability ETF by 3.5% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 905,461 shares of the company’s stock worth $32,198,000 after acquiring an additional 30,588 shares during the last quarter. Daner Wealth Management LLC purchased a new stake in shares of Dimensional US High Profitability ETF during the 2nd quarter worth approximately $1,728,000. ARK & TLK Investments LLC boosted its position in shares of Dimensional US High Profitability ETF by 56.0% during the 2nd quarter. ARK & TLK Investments LLC now owns 14,618 shares of the company’s stock valued at $520,000 after acquiring an additional 5,250 shares during the last quarter. Finally, SC&H Financial Advisors Inc. grew its holdings in shares of Dimensional US High Profitability ETF by 11.1% in the second quarter. SC&H Financial Advisors Inc. now owns 24,218 shares of the company’s stock valued at $861,000 after purchasing an additional 2,425 shares in the last quarter.

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.