Dimensional US High Profitability ETF (NYSEARCA:DUHP) Sets New 12-Month High – What’s Next?

Dimensional US High Profitability ETF (NYSEARCA:DUHP)’s stock price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $43.12 and last traded at $43.1080, with a volume of 46,140 shares trading hands. The stock had previously closed at $42.74.

Dimensional US High Profitability ETF Trading Down 1.3%

The stock has a market capitalization of $12.94 billion, a PE ratio of 24.91 and a beta of 0.94. The firm has a 50-day moving average price of $42.29 and a 200-day moving average price of $40.43.

Hedge Funds Weigh In On Dimensional US High Profitability ETF

Several institutional investors have recently added to or reduced their stakes in the stock. M Holdings Securities Inc. increased its holdings in Dimensional US High Profitability ETF by 208.8% in the 2nd quarter. M Holdings Securities Inc. now owns 932,425 shares of the company’s stock worth $41,174,000 after acquiring an additional 630,505 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Dimensional US High Profitability ETF by 12.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,104,606 shares of the company’s stock valued at $171,285,000 after acquiring an additional 447,111 shares during the period. TCI Wealth Advisors Inc. raised its stake in Dimensional US High Profitability ETF by 14.8% in the 1st quarter. TCI Wealth Advisors Inc. now owns 2,516,301 shares of the company’s stock valued at $92,499,000 after acquiring an additional 323,617 shares during the period. HB Wealth Management LLC lifted its holdings in Dimensional US High Profitability ETF by 12.1% during the second quarter. HB Wealth Management LLC now owns 2,227,918 shares of the company’s stock valued at $92,971,000 after purchasing an additional 240,193 shares during the last quarter. Finally, Apella Capital LLC lifted its holdings in Dimensional US High Profitability ETF by 5.9% during the second quarter. Apella Capital LLC now owns 4,123,403 shares of the company’s stock valued at $171,121,000 after purchasing an additional 231,456 shares during the last quarter.

Dimensional US High Profitability ETF Company Profile

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.