Dimensional Global Real Estate ETF (NYSEARCA:DFGR) Reaches New 12-Month High – Still a Buy?

Dimensional Global Real Estate ETF (NYSEARCA:DFGR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.63 and last traded at $29.29, with a volume of 516923 shares changing hands. The stock had previously closed at $29.48.

Dimensional Global Real Estate ETF Stock Performance

The firm has a fifty day simple moving average of $28.59 and a 200-day simple moving average of $27.69. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 29.05 and a beta of 0.90.

Institutional Investors Weigh In On Dimensional Global Real Estate ETF

Several hedge funds have recently added to or reduced their stakes in DFGR. Allworth Financial LP increased its position in shares of Dimensional Global Real Estate ETF by 561.6% in the third quarter. Allworth Financial LP now owns 92,306 shares of the company’s stock worth $2,521,000 after purchasing an additional 78,355 shares during the period. CogentBlue Wealth Advisors LLC increased its position in shares of Dimensional Global Real Estate ETF by 42.2% in the fourth quarter. CogentBlue Wealth Advisors LLC now owns 245,059 shares of the company’s stock worth $6,474,000 after purchasing an additional 72,754 shares during the period. Level Financial Advisors increased its position in shares of Dimensional Global Real Estate ETF by 12.9% in the fourth quarter. Level Financial Advisors now owns 529,668 shares of the company’s stock worth $13,994,000 after purchasing an additional 60,536 shares during the period. Sterling Wealth Advisors Inc increased its position in shares of Dimensional Global Real Estate ETF by 34.0% in the fourth quarter. Sterling Wealth Advisors Inc now owns 79,018 shares of the company’s stock worth $2,088,000 after purchasing an additional 20,047 shares during the period. Finally, Guardian Wealth Management LLC bought a new position in shares of Dimensional Global Real Estate ETF in the fourth quarter worth $23,077,000.

Dimensional Global Real Estate ETF Company Profile

The Dimensional Global Real Estate ETF (DFGR) is an exchange-traded fund that mostly invests in real estate equity. The fund is actively managed to hold a diversified selection of US and foreign companies whose principal activities are engaged in the broad real estate sector, while focusing on REITs. Portfolio holdings are weighted by market capitalization. DFGR was launched on Dec 6, 2022 and is managed by Dimensional.