Phillips Financial Management LLC Purchases 350,604 Shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP)

Phillips Financial Management LLC grew its position in Dimensional US High Profitability ETF (NYSEARCA:DUHP) by 71.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 842,594 shares of the company’s stock after acquiring an additional 350,604 shares during the quarter. Dimensional US High Profitability ETF comprises 2.2% of Phillips Financial Management LLC’s investment portfolio, making the stock its 13th largest holding. Phillips Financial Management LLC’s holdings in Dimensional US High Profitability ETF were worth $28,471,000 as of its most recent SEC filing.

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

Dimensional US High Profitability ETF Stock Up 0.1 %

DUHP stock opened at $33.10 on Thursday. The firm has a 50 day moving average of $34.66 and a 200 day moving average of $34.41. The stock has a market capitalization of $7.36 billion, a PE ratio of 28.26 and a beta of 0.99. Dimensional US High Profitability ETF has a 52 week low of $29.63 and a 52 week high of $35.83.

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.