Distillate U.S. Fundamental Stability & Value ETF (NYSEARCA:DSTL) Sets New 1-Year High – Still a Buy?

Shares of Distillate U.S. Fundamental Stability & Value ETF (NYSEARCA:DSTL) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $69.29 and last traded at $69.28, with a volume of 2286 shares changing hands. The stock had previously closed at $67.62.

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

The firm’s 50-day simple moving average is $63.38 and its 200 day simple moving average is $60.92. The company has a market cap of $2.10 billion, a P/E ratio of 16.69 and a beta of 0.84.

Institutional Investors Weigh In On Distillate U.S. Fundamental Stability & Value ETF

A number of institutional investors have recently made changes to their positions in the stock. Rothschild Wealth LLC acquired a new position in shares of Distillate U.S. Fundamental Stability & Value ETF during the 4th quarter worth about $8,800,000. JPMorgan Chase & Co. raised its position in shares of Distillate U.S. Fundamental Stability & Value ETF by 154.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 81,214 shares of the company’s stock valued at $4,495,000 after acquiring an additional 49,298 shares during the period. LRI Investments LLC boosted its stake in Distillate U.S. Fundamental Stability & Value ETF by 14.2% during the 4th quarter. LRI Investments LLC now owns 57,198 shares of the company’s stock worth $3,369,000 after acquiring an additional 7,098 shares during the last quarter. Compass Financial Management LLC bought a new position in Distillate U.S. Fundamental Stability & Value ETF during the 2nd quarter worth approximately $107,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Distillate U.S. Fundamental Stability & Value ETF by 5,565.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock valued at $91,000 after purchasing an additional 1,614 shares during the period.

About Distillate U.S. Fundamental Stability & Value ETF

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.