Dimensional US High Profitability ETF (NYSEARCA:DUHP) Hits New 52-Week High at $33.36

Dimensional US High Profitability ETF (NYSEARCA:DUHP) shares reached a new 52-week high on Wednesday . The company traded as high as $33.36 and last traded at $33.22, with a volume of 78356 shares trading hands. The stock had previously closed at $33.06.

Dimensional US High Profitability ETF Trading Up 0.4 %

The stock’s 50-day moving average price is $32.22 and its two-hundred day moving average price is $31.28. The stock has a market capitalization of $5.72 billion, a P/E ratio of 21.58 and a beta of 0.92.

Hedge Funds Weigh In On Dimensional US High Profitability ETF

A number of institutional investors have recently added to or reduced their stakes in DUHP. Mercer Global Advisors Inc. ADV raised its stake in Dimensional US High Profitability ETF by 16.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 30,626,311 shares of the company’s stock valued at $919,734,000 after purchasing an additional 4,313,841 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Dimensional US High Profitability ETF by 14.7% in the second quarter. Envestnet Asset Management Inc. now owns 29,430,960 shares of the company’s stock worth $941,496,000 after acquiring an additional 3,781,741 shares in the last quarter. Merriman Wealth Management LLC increased its stake in Dimensional US High Profitability ETF by 1.3% in the second quarter. Merriman Wealth Management LLC now owns 8,211,229 shares of the company’s stock valued at $262,677,000 after acquiring an additional 108,172 shares during the last quarter. Forum Financial Management LP increased its stake in Dimensional US High Profitability ETF by 4.7% in the fourth quarter. Forum Financial Management LP now owns 7,198,384 shares of the company’s stock valued at $205,946,000 after acquiring an additional 321,343 shares during the last quarter. Finally, Adero Partners LLC lifted its stake in Dimensional US High Profitability ETF by 0.9% during the second quarter. Adero Partners LLC now owns 6,751,837 shares of the company’s stock worth $215,991,000 after purchasing an additional 60,635 shares during the last quarter.

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.