Arax Advisory Partners Makes New Investment in Dimensional Emerging Core Equity Market ETF $DFAE

Arax Advisory Partners bought a new position in Dimensional Emerging Core Equity Market ETF (NYSEARCA:DFAE) during the 4th quarter, Holdings Channel reports. The institutional investor bought 195,152 shares of the company’s stock, valued at approximately $6,356,000.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Dimensional Emerging Core Equity Market ETF in the third quarter worth $27,000. IMG Wealth Management Inc. bought a new stake in Dimensional Emerging Core Equity Market ETF in the fourth quarter worth $28,000. UMB Bank n.a. bought a new stake in Dimensional Emerging Core Equity Market ETF in the fourth quarter worth $29,000. Wealth Watch Advisors INC bought a new stake in Dimensional Emerging Core Equity Market ETF in the third quarter worth $42,000. Finally, Assetmark Inc. boosted its holdings in Dimensional Emerging Core Equity Market ETF by 40.5% in the fourth quarter. Assetmark Inc. now owns 1,422 shares of the company’s stock worth $46,000 after acquiring an additional 410 shares in the last quarter.

Dimensional Emerging Core Equity Market ETF Trading Up 0.5%

Dimensional Emerging Core Equity Market ETF stock opened at $40.07 on Friday. The business’s fifty day simple moving average is $38.32 and its two-hundred day simple moving average is $35.57. Dimensional Emerging Core Equity Market ETF has a 12 month low of $27.90 and a 12 month high of $41.65. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 14.98 and a beta of 0.71.

Dimensional Emerging Core Equity Market ETF Profile

The Dimensional Emerging Core Equity Market ETF (DFAE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects emerging markets securities of all sizes with a tilt toward small-cap companies, seeking to provide long-term capital appreciation. DFAE was launched on Dec 2, 2020 and is issued by Dimensional.