Dimensional US High Profitability ETF (NYSEARCA:DUHP) Hits New 52-Week High – Here’s Why

Dimensional US High Profitability ETF (NYSEARCA:DUHP) shares hit a new 52-week high on Wednesday . The stock traded as high as $41.08 and last traded at $40.97, with a volume of 735618 shares traded. The stock had previously closed at $40.68.

Dimensional US High Profitability ETF Trading Up 0.7%

The firm has a 50-day simple moving average of $38.56 and a two-hundred day simple moving average of $38.42. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 24.91 and a beta of 0.94.

Institutional Investors Weigh In On Dimensional US High Profitability ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. G2 Capital Management LLC OH grew its position in Dimensional US High Profitability ETF by 3.6% during the 4th quarter. G2 Capital Management LLC OH now owns 537,497 shares of the company’s stock worth $20,441,000 after purchasing an additional 18,660 shares during the period. Foundation Wealth Management LLC PA grew its position in Dimensional US High Profitability ETF by 17.1% during the 4th quarter. Foundation Wealth Management LLC PA now owns 332,563 shares of the company’s stock worth $12,647,000 after purchasing an additional 48,518 shares during the period. Fulton Bank N.A. grew its position in Dimensional US High Profitability ETF by 7.3% during the 4th quarter. Fulton Bank N.A. now owns 1,036,856 shares of the company’s stock worth $39,432,000 after purchasing an additional 70,373 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in Dimensional US High Profitability ETF during the 4th quarter worth about $597,000. Finally, HBE Wealth Management LLC acquired a new stake in Dimensional US High Profitability ETF during the 4th quarter worth about $3,088,000.

About Dimensional US High Profitability ETF

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.