Waterfront Wealth Inc. Raises Stake in Dimensional US High Profitability ETF $DUHP

Waterfront Wealth Inc. boosted its holdings in shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) by 36.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 142,358 shares of the company’s stock after purchasing an additional 38,277 shares during the quarter. Dimensional US High Profitability ETF comprises 1.0% of Waterfront Wealth Inc.’s portfolio, making the stock its 23rd biggest position. Waterfront Wealth Inc.’s holdings in Dimensional US High Profitability ETF were worth $5,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in shares of Dimensional US High Profitability ETF by 99.7% in the 1st quarter. AQR Capital Management LLC now owns 25,580 shares of the company’s stock valued at $848,000 after acquiring an additional 12,771 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Dimensional US High Profitability ETF during the second quarter worth $302,000. Flow Traders U.S. LLC acquired a new position in Dimensional US High Profitability ETF during the second quarter valued at $418,000. Sei Investments Co. acquired a new position in Dimensional US High Profitability ETF during the second quarter valued at $739,000. Finally, Quantinno Capital Management LP purchased a new stake in Dimensional US High Profitability ETF in the second quarter valued at $1,057,000.

Dimensional US High Profitability ETF Stock Performance

NYSEARCA:DUHP opened at $41.70 on Friday. The firm’s fifty day moving average is $40.77 and its two-hundred day moving average is $39.20. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 24.91 and a beta of 0.94. Dimensional US High Profitability ETF has a one year low of $35.59 and a one year high of $41.87.

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.