NewEdge Advisors LLC reduced its position in shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP – Free Report) by 13.5% during the 1st quarter, HoldingsChannel reports. The firm owned 458,901 shares of the company’s stock after selling 71,883 shares during the period. NewEdge Advisors LLC’s holdings in Dimensional US High Profitability ETF were worth $16,869,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wealth Watch Advisors INC bought a new stake in shares of Dimensional US High Profitability ETF in the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. purchased a new position in Dimensional US High Profitability ETF during the fourth quarter valued at approximately $33,000. Smartleaf Asset Management LLC raised its stake in Dimensional US High Profitability ETF by 44.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 849 shares of the company’s stock worth $33,000 after buying an additional 260 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Dimensional US High Profitability ETF during the fourth quarter worth $42,000. Finally, Archer Investment Corp bought a new stake in Dimensional US High Profitability ETF during the 1st quarter valued at $45,000.
Dimensional US High Profitability ETF Trading Down 1.6%
Shares of NYSEARCA:DUHP opened at $40.85 on Thursday. Dimensional US High Profitability ETF has a 12-month low of $35.61 and a 12-month high of $41.92. The business’s fifty day simple moving average is $41.24 and its 200-day simple moving average is $39.51. The company has a market capitalization of $12.16 billion, a PE ratio of 24.91 and a beta of 0.94.
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.
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