Dimensional U.S. Core Equity 2 ETF (NYSEARCA:DFAC) Sets New 1-Year High – Still a Buy?

Dimensional U.S. Core Equity 2 ETF (NYSEARCA:DFAC) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $43.65 and last traded at $43.59, with a volume of 149333 shares trading hands. The stock had previously closed at $43.35.

Dimensional U.S. Core Equity 2 ETF Stock Up 0.6%

The stock has a fifty day moving average of $40.97 and a 200-day moving average of $40.35. The stock has a market capitalization of $45.74 billion, a price-to-earnings ratio of 20.75 and a beta of 0.98.

Institutional Investors Weigh In On Dimensional U.S. Core Equity 2 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DFAC. Franklin Resources Inc. purchased a new stake in Dimensional U.S. Core Equity 2 ETF in the second quarter valued at approximately $124,000. Qube Research & Technologies Ltd lifted its stake in Dimensional U.S. Core Equity 2 ETF by 20,631.6% in the second quarter. Qube Research & Technologies Ltd now owns 101,792 shares of the company’s stock valued at $3,648,000 after buying an additional 101,301 shares during the last quarter. Sei Investments Co. purchased a new stake in Dimensional U.S. Core Equity 2 ETF in the second quarter valued at approximately $4,708,000. Ieq Capital LLC lifted its stake in Dimensional U.S. Core Equity 2 ETF by 160.8% in the second quarter. Ieq Capital LLC now owns 114,905 shares of the company’s stock valued at $4,118,000 after buying an additional 70,849 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Dimensional U.S. Core Equity 2 ETF by 20.5% in the second quarter. Quantinno Capital Management LP now owns 133,236 shares of the company’s stock valued at $4,775,000 after buying an additional 22,682 shares during the last quarter.

About Dimensional U.S. Core Equity 2 ETF

The Dimensional U.S. Core Equity 2 ETF (DFAC) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US equities of all sizes with a tilt toward small-cap companies, seeking to provide long-term capital appreciation. DFAC was launched on Oct 4, 2007 and is managed by Dimensional.