Dimensional US High Profitability ETF (NYSEARCA:DUHP) Reaches New 52-Week High – What’s Next?

Dimensional US High Profitability ETF (NYSEARCA:DUHP)’s share price reached a new 52-week high on Wednesday. The company traded as high as $43.18 and last traded at $43.1570, with a volume of 57,858 shares traded. The stock had previously closed at $42.58.

Dimensional US High Profitability ETF Stock Up 1.6%

The stock has a 50-day moving average price of $42.30 and a 200 day moving average price of $40.47. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 24.91 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. M Holdings Securities Inc. raised its stake in Dimensional US High Profitability ETF by 208.8% during the second 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 period. Envestnet Asset Management Inc. boosted its holdings in shares of Dimensional US High Profitability ETF by 12.2% during the second 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. HB Wealth Management LLC grew its position in shares of 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 worth $92,971,000 after acquiring an additional 240,193 shares during the last quarter. Apella Capital LLC grew its position in shares of 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 worth $171,121,000 after acquiring an additional 231,456 shares during the last quarter. Finally, Shore Point Advisors LLC bought a new stake in Dimensional US High Profitability ETF in the 3rd quarter valued at about $9,267,000.

About Dimensional US High Profitability ETF

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.