First Bancorp Inc ME Takes $17.96 Million Position in Dimensional Emerging Markets Value ETF $DFEV

First Bancorp Inc ME acquired a new position in shares of Dimensional Emerging Markets Value ETF (NYSEARCA:DFEV) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 446,686 shares of the company’s stock, valued at approximately $17,961,000. Dimensional Emerging Markets Value ETF comprises approximately 7.1% of First Bancorp Inc ME’s portfolio, making the stock its 2nd biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Angeles Wealth Management LLC bought a new stake in Dimensional Emerging Markets Value ETF in the 1st quarter valued at $33,000. RHL Group LLC acquired a new stake in shares of Dimensional Emerging Markets Value ETF in the 4th quarter valued at about $38,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Dimensional Emerging Markets Value ETF by 388.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,401 shares of the company’s stock valued at $47,000 after purchasing an additional 1,114 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Dimensional Emerging Markets Value ETF in the first quarter valued at about $52,000. Finally, Parallel Advisors LLC acquired a new position in shares of Dimensional Emerging Markets Value ETF during the third quarter worth about $74,000.

Dimensional Emerging Markets Value ETF Stock Performance

NYSEARCA:DFEV opened at $42.29 on Wednesday. The stock has a 50-day simple moving average of $41.43 and a 200 day simple moving average of $39.84. Dimensional Emerging Markets Value ETF has a 52-week low of $30.43 and a 52-week high of $44.94. The company has a market cap of $2.07 billion, a PE ratio of 10.75 and a beta of 0.74.

About Dimensional Emerging Markets Value ETF

The Dimensional Emerging Markets Value ETF (DFEV) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects emerging markets securities of all sizes exhibiting value characteristics, seeking to provide long-term capital appreciation. DFEV was launched on Apr 27, 2022 and is managed by Dimensional.