Distillate U.S. Fundamental Stability & Value ETF (NYSEARCA:DSTL) Hits New 12-Month High – Time to Buy?

Distillate U.S. Fundamental Stability & Value ETF (NYSEARCA:DSTL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $61.83 and last traded at $61.58, with a volume of 209151 shares traded. The stock had previously closed at $61.35.

Distillate U.S. Fundamental Stability & Value ETF Stock Performance

The firm’s 50 day moving average price is $59.80 and its two-hundred day moving average price is $58.10. The company has a market cap of $1.93 billion, a P/E ratio of 16.69 and a beta of 0.93.

Hedge Funds Weigh In On Distillate U.S. Fundamental Stability & Value ETF

Several institutional investors have recently made changes to their positions in DSTL. Steel Grove Capital Advisors LLC boosted its position in shares of Distillate U.S. Fundamental Stability & Value ETF by 1.9% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 606,155 shares of the company’s stock worth $33,551,000 after purchasing an additional 11,401 shares in the last quarter. Aspect Partners LLC raised its stake in Distillate U.S. Fundamental Stability & Value ETF by 9.1% during the 2nd quarter. Aspect Partners LLC now owns 44,727 shares of the company’s stock worth $2,476,000 after buying an additional 3,731 shares during the period. JPMorgan Chase & Co. raised its stake in Distillate U.S. Fundamental Stability & Value ETF by 154.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 81,214 shares of the company’s stock worth $4,495,000 after buying an additional 49,298 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Distillate U.S. Fundamental Stability & Value ETF by 5,565.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock worth $91,000 after acquiring an additional 1,614 shares in the last quarter. Finally, Team Financial Group LLC acquired a new stake in Distillate U.S. Fundamental Stability & Value ETF in the third quarter valued at approximately $59,000.

Distillate U.S. Fundamental Stability & Value ETF Company Profile

The Distillate U.S. Fundamental Stability & Value ETF (DSTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap stocks that score favourably for financial indebtedness, fundamental stability, and valuation. The portfolio is equally weighted, modified by free cash flow. DSTL was launched on Oct 24, 2018 and is managed by Distillate.