Sovereign Financial Group Inc. Invests $256,000 in Dimensional US High Profitability ETF $DUHP

Sovereign Financial Group Inc. acquired a new position in shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,186 shares of the company’s stock, valued at approximately $256,000.

A number of other hedge funds also recently made changes to their positions in DUHP. Focus Partners Wealth raised its position in shares of Dimensional US High Profitability ETF by 321.0% during the first quarter. Focus Partners Wealth now owns 10,998,637 shares of the company’s stock worth $364,495,000 after acquiring an additional 8,386,204 shares during the last quarter. Liberty Wealth Management LLC increased its holdings in Dimensional US High Profitability ETF by 202.6% in the first quarter. Liberty Wealth Management LLC now owns 2,367,020 shares of the company’s stock worth $78,443,000 after purchasing an additional 1,584,761 shares in the last quarter. Financial Consulate Inc. increased its holdings in Dimensional US High Profitability ETF by 109.5% in the second quarter. Financial Consulate Inc. now owns 1,874,235 shares of the company’s stock worth $66,648,000 after purchasing an additional 979,618 shares in the last quarter. HB Wealth Management LLC bought a new stake in Dimensional US High Profitability ETF in the second quarter worth approximately $30,794,000. Finally, Fulton Bank N.A. bought a new stake in Dimensional US High Profitability ETF in the second quarter worth approximately $29,489,000.

Dimensional US High Profitability ETF Stock Performance

Shares of DUHP stock opened at $37.18 on Monday. The company has a market cap of $9.65 billion, a P/E ratio of 24.91 and a beta of 0.98. The stock has a 50 day simple moving average of $37.11 and a two-hundred day simple moving average of $35.10. Dimensional US High Profitability ETF has a fifty-two week low of $28.68 and a fifty-two week high of $38.34.

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.