Dimensional US High Profitability ETF (NYSEARCA:DUHP) Reaches New 52-Week High – What’s Next?

Dimensional US High Profitability ETF (NYSEARCA:DUHP) shares reached a new 52-week high during trading on Wednesday. The stock traded as high as $43.18 and last traded at $43.1570, with a volume of 57,858 shares changing hands. The stock had previously closed at $42.58.

Dimensional US High Profitability ETF Stock Performance

The stock has a market cap of $13.17 billion, a P/E ratio of 24.91 and a beta of 0.93. The firm has a 50 day simple moving average of $42.30 and a two-hundred day simple moving average of $40.47.

Institutional Investors Weigh In On Dimensional US High Profitability ETF

A number of institutional investors have recently added to or reduced their stakes in DUHP. HB Wealth Management LLC increased its position in shares of Dimensional US High Profitability ETF by 12.1% during the 2nd quarter. HB Wealth Management LLC now owns 2,227,918 shares of the company’s stock valued at $92,971,000 after purchasing an additional 240,193 shares during the period. Envision Financial Planning LLC grew its stake in shares of Dimensional US High Profitability ETF by 5.0% in the 1st quarter. Envision Financial Planning LLC now owns 461,427 shares of the company’s stock worth $16,962,000 after purchasing an additional 22,024 shares during the last quarter. Nwam LLC grew its stake in shares of Dimensional US High Profitability ETF by 167.5% in the 2nd quarter. Nwam LLC now owns 189,474 shares of the company’s stock worth $8,094,000 after purchasing an additional 118,633 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Dimensional US High Profitability ETF by 1.9% in the 2nd quarter. Baird Financial Group Inc. now owns 850,842 shares of the company’s stock worth $35,506,000 after purchasing an additional 15,842 shares in the last quarter. Finally, Gemmer Asset Management LLC raised its holdings in shares of Dimensional US High Profitability ETF by 5.8% in the 2nd quarter. Gemmer Asset Management LLC now owns 378,691 shares of the company’s stock worth $15,803,000 after purchasing an additional 20,693 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.