Petersen Hastings Wealth Advisors Inc. Invests $108.83 Million in Dimensional US High Profitability ETF $DUHP

Petersen Hastings Wealth Advisors Inc. bought a new position in shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,861,752 shares of the company’s stock, valued at approximately $108,832,000. Dimensional US High Profitability ETF comprises about 10.5% of Petersen Hastings Wealth Advisors Inc.’s holdings, making the stock its 3rd largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in shares of Dimensional US High Profitability ETF during the fourth quarter worth $33,000. Rothschild Investment LLC bought a new stake in shares of Dimensional US High Profitability ETF during the fourth quarter worth $42,000. Optiver Holding B.V. bought a new stake in shares of Dimensional US High Profitability ETF during the third quarter worth $63,000. VSM Wealth Advisory LLC raised its position in shares of Dimensional US High Profitability ETF by 74.4% during the third quarter. VSM Wealth Advisory LLC now owns 1,744 shares of the company’s stock worth $66,000 after acquiring an additional 744 shares during the last quarter. Finally, Huntington National Bank bought a new stake in shares of Dimensional US High Profitability ETF during the third quarter worth $84,000.

Dimensional US High Profitability ETF Stock Up 0.7%

DUHP stock opened at $41.67 on Friday. The company has a market cap of $12.06 billion, a P/E ratio of 24.91 and a beta of 0.94. Dimensional US High Profitability ETF has a twelve month low of $34.33 and a twelve month high of $41.74. The business has a fifty day moving average of $39.14 and a 200-day moving average of $38.59.

Dimensional US High Profitability ETF 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.