Pinnacle Associates Ltd. Has $13.17 Million Holdings in Dimensional US High Profitability ETF (NYSEARCA:DUHP)

Pinnacle Associates Ltd. raised its position in shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) by 3.4% during the third quarter, HoldingsChannel.com reports. The fund owned 386,562 shares of the company’s stock after buying an additional 12,651 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Dimensional US High Profitability ETF were worth $13,170,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DUHP. Abich Financial Wealth Management LLC bought a new stake in shares of Dimensional US High Profitability ETF in the 2nd quarter valued at $32,000. Asset Dedication LLC acquired a new stake in shares of Dimensional US High Profitability ETF in the 3rd quarter valued at about $40,000. Fairscale Capital LLC acquired a new position in Dimensional US High Profitability ETF during the 2nd quarter worth approximately $52,000. CWM LLC acquired a new stake in Dimensional US High Profitability ETF in the second quarter valued at approximately $66,000. Finally, Lynx Investment Advisory bought a new stake in shares of Dimensional US High Profitability ETF during the second quarter valued at approximately $83,000.

Dimensional US High Profitability ETF Trading Down 0.1 %

Shares of DUHP traded down $0.05 during trading hours on Wednesday, reaching $34.17. The stock had a trading volume of 107,728 shares, compared to its average volume of 760,438. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 21.58 and a beta of 0.92. The firm has a 50-day simple moving average of $33.81 and a 200 day simple moving average of $32.36. Dimensional US High Profitability ETF has a 12 month low of $24.95 and a 12 month high of $35.00.

Dimensional US High Profitability ETF Company Profile

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.