Dimensional US Core Equity Market ETF (NYSEARCA:DFAU) Reaches New 1-Year High – Should You Buy?

Dimensional US Core Equity Market ETF (NYSEARCA:DFAU)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $46.24 and last traded at $45.92, with a volume of 820038 shares trading hands. The stock had previously closed at $46.15.

Dimensional US Core Equity Market ETF Stock Performance

The stock has a 50 day moving average price of $44.66 and a 200 day moving average price of $41.59. The company has a market capitalization of $9.51 billion, a P/E ratio of 23.25 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DFAU. Brighton Jones LLC increased its position in Dimensional US Core Equity Market ETF by 11.0% in the fourth quarter. Brighton Jones LLC now owns 989,254 shares of the company’s stock worth $40,055,000 after buying an additional 98,296 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Dimensional US Core Equity Market ETF during the 1st quarter worth $571,000. Simplicity Wealth LLC purchased a new stake in Dimensional US Core Equity Market ETF in the 1st quarter worth about $343,000. Fiduciary Financial Group LLC raised its stake in Dimensional US Core Equity Market ETF by 232.8% in the 1st quarter. Fiduciary Financial Group LLC now owns 97,144 shares of the company’s stock valued at $3,490,000 after acquiring an additional 67,950 shares during the period. Finally, Shira Ridge Wealth Management lifted its holdings in Dimensional US Core Equity Market ETF by 0.8% during the first quarter. Shira Ridge Wealth Management now owns 525,614 shares of the company’s stock valued at $20,205,000 after purchasing an additional 4,297 shares during the last quarter.

About Dimensional US Core Equity Market ETF

The Dimensional US Core Equity Market ETF (DFAU) is an exchange-traded fund that is based on the Russell 3000 index. The fund actively selects US equities of all sizes with a tilt toward small-cap companies, seeking to provide long-term capital appreciation. DFAU was launched on Nov 17, 2020 and is managed by Dimensional.