Dimensional US High Profitability ETF (NYSEARCA:DUHP) Sets New 1-Year High – Should You Buy?

Dimensional US High Profitability ETF (NYSEARCA:DUHP) reached a new 52-week high during trading on Wednesday . The company traded as high as $38.60 and last traded at $38.5860, with a volume of 5626 shares changing hands. The stock had previously closed at $38.17.

Dimensional US High Profitability ETF Price Performance

The firm’s 50-day moving average is $37.90 and its two-hundred day moving average is $37.21. The company has a market cap of $10.48 billion, a P/E ratio of 24.91 and a beta of 0.97.

Institutional Investors Weigh In On Dimensional US High Profitability ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DUHP. Legacy Financial Group Inc. lifted its holdings in shares of Dimensional US High Profitability ETF by 2.7% during the 2nd quarter. Legacy Financial Group Inc. now owns 448,307 shares of the company’s stock valued at $15,942,000 after purchasing an additional 11,995 shares during the last quarter. Beacon Pointe Advisors LLC increased its position in Dimensional US High Profitability ETF by 3.5% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 905,461 shares of the company’s stock valued at $32,198,000 after buying an additional 30,588 shares in the last quarter. Emprise Bank purchased a new stake in Dimensional US High Profitability ETF in the third quarter valued at about $528,000. Daner Wealth Management LLC purchased a new stake in Dimensional US High Profitability ETF in the second quarter valued at about $1,728,000. Finally, ARK & TLK Investments LLC boosted its holdings in Dimensional US High Profitability ETF by 56.0% in the second quarter. ARK & TLK Investments LLC now owns 14,618 shares of the company’s stock worth $520,000 after acquiring an additional 5,250 shares in 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.