Distillate U.S. Fundamental Stability & Value ETF (NYSEARCA:DSTL) Reaches New 52-Week High – Here’s Why

Distillate U.S. Fundamental Stability & Value ETF (NYSEARCA:DSTL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $59.93 and last traded at $59.86, with a volume of 36093 shares changing hands. The stock had previously closed at $59.56.

Distillate U.S. Fundamental Stability & Value ETF Stock Performance

The firm has a market capitalization of $1.88 billion, a P/E ratio of 16.69 and a beta of 0.93. The stock’s 50 day simple moving average is $58.09 and its 200 day simple moving average is $56.99.

Institutional Investors Weigh In On Distillate U.S. Fundamental Stability & Value ETF

Hedge funds have recently made changes to their positions in the company. LRI Investments LLC increased its stake in shares of Distillate U.S. Fundamental Stability & Value ETF by 8.9% during the second quarter. LRI Investments LLC now owns 9,805 shares of the company’s stock valued at $543,000 after buying an additional 801 shares during the period. Adirondack Trust Co. bought a new position in Distillate U.S. Fundamental Stability & Value ETF during the 2nd quarter worth about $47,000. Team Financial Group LLC bought a new position in shares of Distillate U.S. Fundamental Stability & Value ETF during the third quarter valued at approximately $59,000. EverSource Wealth Advisors LLC boosted its position in Distillate U.S. Fundamental Stability & Value ETF by 5,565.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock valued at $91,000 after acquiring an additional 1,614 shares in the last quarter. Finally, Aspect Partners LLC boosted its position in Distillate U.S. Fundamental Stability & Value ETF by 7.6% during the third quarter. Aspect Partners LLC now owns 48,119 shares of the company’s stock valued at $2,789,000 after purchasing an additional 3,392 shares in the last quarter.

About Distillate U.S. Fundamental Stability & Value ETF

The Distillate U.S. Fundamental Stability & Value ETF (DSTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap stocks that score favourably for financial indebtedness, fundamental stability, and valuation. The portfolio is equally weighted, modified by free cash flow. DSTL was launched on Oct 24, 2018 and is managed by Distillate.