Dimensional US High Profitability ETF (NYSEARCA:DUHP) Reaches New 52-Week High – Should You Buy?

Shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.41 and last traded at $39.3560, with a volume of 1497056 shares trading hands. The stock had previously closed at $38.40.

Dimensional US High Profitability ETF Stock Performance

The stock has a market cap of $11.18 billion, a PE ratio of 24.91 and a beta of 0.97. The stock has a fifty day moving average price of $38.33 and a 200 day moving average price of $37.65.

Institutional Investors Weigh In On Dimensional US High Profitability ETF

Several hedge funds and other institutional investors have recently made changes to their positions in DUHP. AQR Capital Management LLC boosted its stake in shares of Dimensional US High Profitability ETF by 99.7% during the 1st quarter. AQR Capital Management LLC now owns 25,580 shares of the company’s stock worth $848,000 after purchasing an additional 12,771 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Dimensional US High Profitability ETF during the second quarter valued at approximately $265,000. QRG Capital Management Inc. purchased a new position in shares of Dimensional US High Profitability ETF during the second quarter valued at approximately $230,000. IFP Advisors Inc grew its stake in shares of Dimensional US High Profitability ETF by 1,016.5% during the second quarter. IFP Advisors Inc now owns 6,107 shares of the company’s stock valued at $217,000 after buying an additional 5,560 shares during the last quarter. Finally, Sovereign Financial Group Inc. purchased a new stake in shares of Dimensional US High Profitability ETF in the second quarter worth approximately $256,000.

Dimensional US High Profitability ETF Company 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.