Summit Wealth Group LLC Co. Invests $13.53 Million in Dimensional US High Profitability ETF $DUHP

Summit Wealth Group LLC Co. bought a new position in Dimensional US High Profitability ETF (NYSEARCA:DUHP) during the fourth quarter, HoldingsChannel.com reports. The fund bought 355,660 shares of the company’s stock, valued at approximately $13,526,000. Dimensional US High Profitability ETF comprises about 1.8% of Summit Wealth Group LLC Co.’s holdings, making the stock its 10th largest holding.

Other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in shares of Dimensional US High Profitability ETF in the fourth quarter worth $33,000. CX Institutional purchased a new stake in shares of Dimensional US High Profitability ETF in the third quarter worth $62,000. Optiver Holding B.V. purchased a new stake in shares of Dimensional US High Profitability ETF in the third quarter worth $63,000. VSM Wealth Advisory LLC grew its stake in shares of Dimensional US High Profitability ETF by 74.4% in the third quarter. VSM Wealth Advisory LLC now owns 1,744 shares of the company’s stock worth $66,000 after acquiring an additional 744 shares during the last quarter. Finally, Huntington National Bank purchased a new stake in shares of Dimensional US High Profitability ETF in the third quarter worth $84,000.

Dimensional US High Profitability ETF Price Performance

Shares of NYSEARCA:DUHP opened at $39.83 on Wednesday. The company has a market cap of $11.53 billion, a P/E ratio of 24.91 and a beta of 0.94. Dimensional US High Profitability ETF has a 1 year low of $33.45 and a 1 year high of $39.97. The stock’s fifty day moving average price is $38.21 and its 200-day moving average price is $38.26.

Dimensional US High Profitability ETF 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.