Dimensional US High Profitability ETF (NYSEARCA:DUHP) Sets New 52-Week High – Here’s What Happened

Shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) hit a new 52-week high during trading on Wednesday . The company traded as high as $35.81 and last traded at $35.80, with a volume of 496135 shares trading hands. The stock had previously closed at $35.64.

Dimensional US High Profitability ETF Stock Performance

The company’s fifty day moving average is $34.54 and its two-hundred day moving average is $34.15. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 21.58 and a beta of 0.92.

Hedge Funds Weigh In On Dimensional US High Profitability ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MilWealth Group LLC acquired a new stake in Dimensional US High Profitability ETF in the fourth quarter valued at approximately $27,000. Principal Securities Inc. grew its holdings in Dimensional US High Profitability ETF by 174.2% during the 4th quarter. Principal Securities Inc. now owns 894 shares of the company’s stock valued at $30,000 after purchasing an additional 568 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in Dimensional US High Profitability ETF during the 4th quarter worth $31,000. Providence First Trust Co acquired a new position in Dimensional US High Profitability ETF in the 4th quarter worth $34,000. Finally, Synergy Asset Management LLC purchased a new position in Dimensional US High Profitability ETF in the 4th quarter valued at about $35,000.

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.