Dimensional US Marketwide Value ETF (NYSEARCA:DFUV) Hits New 1-Year High – Still a Buy?

Shares of Dimensional US Marketwide Value ETF (NYSEARCA:DFUV) hit a new 52-week high during trading on Friday . The stock traded as high as $53.06 and last traded at $53.03, with a volume of 5120 shares traded. The stock had previously closed at $52.61.

Dimensional US Marketwide Value ETF Stock Performance

The company has a market cap of $14.77 billion, a price-to-earnings ratio of 15.88 and a beta of 0.91. The stock’s fifty day simple moving average is $50.25 and its two-hundred day simple moving average is $48.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Dimensional US Marketwide Value ETF by 1.9% in the 1st quarter. Royal Bank of Canada now owns 102,072 shares of the company’s stock worth $4,206,000 after purchasing an additional 1,863 shares during the period. AQR Capital Management LLC grew its holdings in shares of Dimensional US Marketwide Value ETF by 50.9% during the 1st quarter. AQR Capital Management LLC now owns 102,100 shares of the company’s stock worth $4,208,000 after purchasing an additional 34,441 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Dimensional US Marketwide Value ETF during the 1st quarter worth approximately $202,000. Russell Investments Group Ltd. raised its holdings in Dimensional US Marketwide Value ETF by 117.3% in the second quarter. Russell Investments Group Ltd. now owns 3,520 shares of the company’s stock valued at $149,000 after buying an additional 1,900 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in Dimensional US Marketwide Value ETF by 3.2% in the second quarter. Baird Financial Group Inc. now owns 29,492 shares of the company’s stock valued at $1,247,000 after buying an additional 925 shares during the period.

About Dimensional US Marketwide Value ETF

The Dimensional US Marketwide Value ETF (DFUV) is an exchange-traded fund that is based on the Russell 3000 Value index. The fund is an actively managed portfolio of US stocks, selected for having value characteristics. The fund seeks to provide long-term capital appreciation. DFUV was launched on Dec 16, 1998 and is managed by Dimensional.