Dimensional US High Profitability ETF (NYSEARCA:DUHP) Sets New 52-Week High – Time to Buy?

Dimensional US High Profitability ETF (NYSEARCA:DUHP) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $35.01 and last traded at $35.01, with a volume of 23627 shares traded. The stock had previously closed at $34.79.

Dimensional US High Profitability ETF Stock Up 0.5 %

The firm has a fifty day simple moving average of $33.96 and a 200-day simple moving average of $32.56. The company has a market capitalization of $6.08 billion, a P/E ratio of 21.58 and a beta of 0.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new position in Dimensional US High Profitability ETF during the second quarter valued at approximately $32,000. Asset Dedication LLC bought a new position in shares of Dimensional US High Profitability ETF during the third quarter worth approximately $40,000. Fairscale Capital LLC bought a new stake in shares of Dimensional US High Profitability ETF during the 2nd quarter valued at $52,000. CWM LLC bought a new stake in shares of Dimensional US High Profitability ETF during the 2nd quarter worth approximately $66,000. Finally, Lynx Investment Advisory acquired a new stake in Dimensional US High Profitability ETF in the second quarter valued at about $83,000.

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.