Northwestern Mutual Wealth Management Co. Acquires 42,899 Shares of Dimensional US High Profitability ETF $DUHP

Northwestern Mutual Wealth Management Co. grew its holdings in Dimensional US High Profitability ETF (NYSEARCA:DUHP) by 159.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 69,811 shares of the company’s stock after buying an additional 42,899 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Dimensional US High Profitability ETF were worth $2,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new stake in shares of Dimensional US High Profitability ETF in the fourth quarter valued at approximately $33,000. Optiver Holding B.V. purchased a new position in Dimensional US High Profitability ETF during the third quarter valued at approximately $63,000. VSM Wealth Advisory LLC grew its stake in Dimensional US High Profitability ETF by 74.4% during the third quarter. VSM Wealth Advisory LLC now owns 1,744 shares of the company’s stock valued at $66,000 after acquiring an additional 744 shares in the last quarter. Huntington National Bank purchased a new position in Dimensional US High Profitability ETF during the third quarter valued at approximately $84,000. Finally, Advisory Services Network LLC purchased a new position in Dimensional US High Profitability ETF during the third quarter valued at approximately $160,000.

Dimensional US High Profitability ETF Trading Down 2.4%

Shares of NYSEARCA:DUHP opened at $40.69 on Friday. The company has a 50 day moving average of $39.21 and a 200 day moving average of $38.61. The stock has a market cap of $11.78 billion, a P/E ratio of 24.91 and a beta of 0.94. Dimensional US High Profitability ETF has a 12 month low of $34.33 and a 12 month high of $41.74.

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.