Dimensional US High Profitability ETF (NYSEARCA:DUHP) Sets New 1-Year High – Still a Buy?

Shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.94 and last traded at $41.94, with a volume of 52359 shares changing hands. The stock had previously closed at $41.60.

Dimensional US High Profitability ETF Trading Up 0.1%

The business’s fifty day simple moving average is $41.35 and its 200 day simple moving average is $39.62. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 24.91 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Petersen Hastings Wealth Advisors Inc. acquired a new position in shares of Dimensional US High Profitability ETF in the 4th quarter valued at $108,832,000. Mercer Global Advisors Inc. ADV increased its position in shares of Dimensional US High Profitability ETF by 5.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 44,791,614 shares of the company’s stock valued at $1,703,426,000 after buying an additional 2,187,002 shares in the last quarter. Corient Private Wealth LLC raised its stake in Dimensional US High Profitability ETF by 90.6% during the 4th quarter. Corient Private Wealth LLC now owns 3,310,640 shares of the company’s stock worth $125,482,000 after buying an additional 1,573,405 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Dimensional US High Profitability ETF by 5,312.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,456,563 shares of the company’s stock worth $55,393,000 after buying an additional 1,429,651 shares during the period. Finally, Apella Capital LLC raised its stake in Dimensional US High Profitability ETF by 49.8% during the 1st quarter. Apella Capital LLC now owns 3,891,947 shares of the company’s stock worth $153,343,000 after buying an additional 1,293,705 shares during the period.

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.