Envestnet Asset Management Inc. Sells 41,987,313 Shares of Dimensional U.S. Core Equity 2 ETF $DFAC

Envestnet Asset Management Inc. cut its position in shares of Dimensional U.S. Core Equity 2 ETF (NYSEARCA:DFAC) by 76.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 12,841,790 shares of the company’s stock after selling 41,987,313 shares during the period. Envestnet Asset Management Inc.’s holdings in Dimensional U.S. Core Equity 2 ETF were worth $495,308,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DFAC. Guardian Asset Advisors LLC raised its holdings in shares of Dimensional U.S. Core Equity 2 ETF by 4.1% during the 3rd quarter. Guardian Asset Advisors LLC now owns 7,435 shares of the company’s stock worth $287,000 after acquiring an additional 292 shares in the last quarter. Partners in Financial Planning grew its holdings in shares of Dimensional U.S. Core Equity 2 ETF by 1.5% in the second quarter. Partners in Financial Planning now owns 21,001 shares of the company’s stock valued at $753,000 after purchasing an additional 316 shares in the last quarter. Confluence Wealth Services Inc. increased its position in Dimensional U.S. Core Equity 2 ETF by 1.4% in the second quarter. Confluence Wealth Services Inc. now owns 23,383 shares of the company’s stock worth $838,000 after purchasing an additional 325 shares during the last quarter. Meredith Wealth Planning raised its stake in Dimensional U.S. Core Equity 2 ETF by 1.4% during the third quarter. Meredith Wealth Planning now owns 23,912 shares of the company’s stock valued at $922,000 after purchasing an additional 332 shares in the last quarter. Finally, Moors & Cabot Inc. raised its stake in Dimensional U.S. Core Equity 2 ETF by 2.1% during the second quarter. Moors & Cabot Inc. now owns 16,216 shares of the company’s stock valued at $581,000 after purchasing an additional 335 shares in the last quarter.

Dimensional U.S. Core Equity 2 ETF Stock Down 0.4%

Shares of NYSEARCA:DFAC opened at $40.79 on Wednesday. Dimensional U.S. Core Equity 2 ETF has a 52 week low of $28.39 and a 52 week high of $41.15. The stock has a market capitalization of $41.65 billion, a P/E ratio of 20.75 and a beta of 1.00. The firm has a fifty day simple moving average of $40.10 and a two-hundred day simple moving average of $38.76.

About Dimensional U.S. Core Equity 2 ETF

The Dimensional U.S. Core Equity 2 ETF (DFAC) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US equities of all sizes with a tilt toward small-cap companies, seeking to provide long-term capital appreciation. DFAC was launched on Oct 4, 2007 and is managed by Dimensional.