Dimensional U.S. Equity ETF (NYSEARCA:DFUS) Sets New 12-Month High – Still a Buy?
by Kim Johansen · The Markets DailyDimensional U.S. Equity ETF (NYSEARCA:DFUS – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $75.26 and last traded at $75.0750, with a volume of 168811 shares trading hands. The stock had previously closed at $74.92.
Dimensional U.S. Equity ETF Stock Performance
The company has a market capitalization of $18.41 billion, a PE ratio of 24.45 and a beta of 1.01. The stock has a 50 day moving average price of $73.90 and a two-hundred day moving average price of $71.49.
Hedge Funds Weigh In On Dimensional U.S. Equity ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. increased its stake in shares of Dimensional U.S. Equity ETF by 6.0% during the 2nd quarter. Prudential Financial Inc. now owns 45,111,138 shares of the company’s stock worth $2,880,797,000 after purchasing an additional 2,543,644 shares during the last quarter. Focus Partners Wealth boosted its holdings in Dimensional U.S. Equity ETF by 13.8% in the third quarter. Focus Partners Wealth now owns 9,198,125 shares of the company’s stock worth $667,584,000 after purchasing an additional 1,113,200 shares in the last quarter. Maseco LLP acquired a new position in Dimensional U.S. Equity ETF during the second quarter worth $529,336,000. Root Financial Partners LLC increased its position in Dimensional U.S. Equity ETF by 47.4% during the third quarter. Root Financial Partners LLC now owns 4,561,445 shares of the company’s stock worth $330,431,000 after buying an additional 1,466,016 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Dimensional U.S. Equity ETF by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 3,976,107 shares of the company’s stock valued at $266,479,000 after buying an additional 137,471 shares in the last quarter.
About Dimensional U.S. Equity ETF
The Dimensional U.S. Equity ETF (DFUS) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US equities of all sizes weighted by market capitalization in seeking to provide long-term capital appreciation. DFUS was launched on Sep 25, 2001 and is managed by Dimensional.