Summit Portfolio Management LTD. Makes New $2.69 Million Investment in Dimensional U.S. Targeted Value ETF $DFAT

Summit Portfolio Management LTD. acquired a new position in shares of Dimensional U.S. Targeted Value ETF (NYSEARCA:DFAT) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 42,991 shares of the company’s stock, valued at approximately $2,685,000. Dimensional U.S. Targeted Value ETF accounts for approximately 1.7% of Summit Portfolio Management LTD.’s investment portfolio, making the stock its 15th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Dimensional U.S. Targeted Value ETF by 22.3% during the fourth quarter. Brighton Jones LLC now owns 20,802 shares of the company’s stock worth $1,158,000 after buying an additional 3,799 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Dimensional U.S. Targeted Value ETF during the 1st quarter valued at $1,376,000. NewEdge Advisors LLC boosted its holdings in Dimensional U.S. Targeted Value ETF by 1.4% during the 2nd quarter. NewEdge Advisors LLC now owns 99,098 shares of the company’s stock worth $5,347,000 after acquiring an additional 1,393 shares during the last quarter. Sei Investments Co. purchased a new position in Dimensional U.S. Targeted Value ETF during the 2nd quarter worth $703,000. Finally, Main Street Financial Solutions LLC grew its stake in shares of Dimensional U.S. Targeted Value ETF by 1.4% in the 2nd quarter. Main Street Financial Solutions LLC now owns 41,952 shares of the company’s stock worth $2,264,000 after acquiring an additional 576 shares in the last quarter.

Dimensional U.S. Targeted Value ETF Price Performance

Shares of DFAT stock opened at $68.61 on Thursday. The firm has a 50-day moving average of $67.81 and a 200-day moving average of $65.01. The company has a market cap of $14.07 billion, a P/E ratio of 12.39 and a beta of 0.97. Dimensional U.S. Targeted Value ETF has a one year low of $52.83 and a one year high of $70.43.

Dimensional U.S. Targeted Value ETF Profile

The Dimensional U.S. Targeted Value ETF (DFAT) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active, tax-managed fund that seeks to provide long-term capital appreciation from a portfolio of US mid- and small-cap value stocks. DFAT was launched on Dec 11, 1998 and is managed by Dimensional.