Dimensional US High Profitability ETF (NYSEARCA:DUHP) Reaches New 52-Week High – What’s Next?

Shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.99 and last traded at $34.90, with a volume of 13754 shares. The stock had previously closed at $34.77.

Dimensional US High Profitability ETF Trading Up 0.1 %

The firm has a market cap of $6.00 billion, a PE ratio of 21.58 and a beta of 0.92. The stock has a 50 day simple moving average of $33.44 and a 200-day simple moving average of $32.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DUHP. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Dimensional US High Profitability ETF by 16.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 30,626,311 shares of the company’s stock valued at $919,734,000 after purchasing an additional 4,313,841 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Dimensional US High Profitability ETF by 14.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,430,960 shares of the company’s stock valued at $941,496,000 after purchasing an additional 3,781,741 shares during the last quarter. Foster Group Inc. boosted its holdings in shares of Dimensional US High Profitability ETF by 17,602.4% during the 2nd quarter. Foster Group Inc. now owns 2,043,924 shares of the company’s stock valued at $65,385,000 after purchasing an additional 2,032,378 shares during the last quarter. Beaird Harris Wealth Management LLC bought a new position in shares of Dimensional US High Profitability ETF during the 2nd quarter valued at about $34,026,000. Finally, Pure Financial Advisors LLC boosted its holdings in shares of Dimensional US High Profitability ETF by 42.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 3,427,780 shares of the company’s stock valued at $109,655,000 after purchasing an additional 1,022,870 shares during the last quarter.

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.