Dimensional US High Profitability ETF (NYSEARCA:DUHP) Sets New 52-Week High – Time to Buy?

Dimensional US High Profitability ETF (NYSEARCA:DUHP)’s share price reached a new 52-week high on Wednesday . The company traded as high as $39.97 and last traded at $39.97, with a volume of 318779 shares changing hands. The stock had previously closed at $39.83.

Dimensional US High Profitability ETF Price Performance

The stock has a market capitalization of $11.55 billion, a P/E ratio of 24.91 and a beta of 0.94. The stock’s fifty day moving average is $38.21 and its 200-day moving average is $38.26.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in Dimensional US High Profitability ETF by 44.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 849 shares of the company’s stock worth $33,000 after acquiring an additional 260 shares during the last quarter. Navigoe LLC lifted its position in shares of Dimensional US High Profitability ETF by 2.4% during the fourth quarter. Navigoe LLC now owns 11,680 shares of the company’s stock worth $444,000 after purchasing an additional 269 shares in the last quarter. Csenge Advisory Group lifted its position in shares of Dimensional US High Profitability ETF by 1.9% during the fourth quarter. Csenge Advisory Group now owns 16,457 shares of the company’s stock worth $626,000 after purchasing an additional 307 shares in the last quarter. LRI Investments LLC grew its stake in shares of Dimensional US High Profitability ETF by 2.7% during the third quarter. LRI Investments LLC now owns 11,650 shares of the company’s stock valued at $440,000 after purchasing an additional 308 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Dimensional US High Profitability ETF by 11.3% in the first quarter. SJS Investment Consulting Inc. now owns 3,167 shares of the company’s stock valued at $116,000 after purchasing an additional 322 shares in 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.