Dimensional US High Profitability ETF (NYSEARCA:DUHP) Sets New 52-Week High – Time to Buy?

Shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) reached a new 52-week high during trading on Thursday . The company traded as high as $35.01 and last traded at $35.01, with a volume of 23627 shares changing hands. The stock had previously closed at $34.79.

Dimensional US High Profitability ETF Trading Up 0.5 %

The company has a market cap of $6.08 billion, a price-to-earnings ratio of 21.58 and a beta of 0.92. The business has a fifty day moving average price of $33.96 and a two-hundred day moving average price of $32.56.

Hedge Funds Weigh In On Dimensional US High Profitability ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV raised its stake in Dimensional US High Profitability ETF by 16.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 30,626,311 shares of the company’s stock worth $919,734,000 after acquiring an additional 4,313,841 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Dimensional US High Profitability ETF by 14.7% in the second quarter. Envestnet Asset Management Inc. now owns 29,430,960 shares of the company’s stock worth $941,496,000 after purchasing an additional 3,781,741 shares during the period. Foster Group Inc. increased its position in 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 worth $65,385,000 after purchasing an additional 2,032,378 shares during the period. Pure Financial Advisors LLC boosted its holdings in Dimensional US High Profitability ETF by 35.0% during the third quarter. Pure Financial Advisors LLC now owns 4,628,551 shares of the company’s stock worth $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 about $34,026,000.

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.