Summit Wealth Group LLC Makes New Investment in Dimensional US High Profitability ETF (NYSEARCA:DUHP)

Summit Wealth Group LLC acquired a new position in Dimensional US High Profitability ETF (NYSEARCA:DUHP) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 62,865 shares of the company’s stock, valued at approximately $2,142,000.

A number of other large investors have also recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Dimensional US High Profitability ETF by 16.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 30,626,311 shares of the company’s stock worth $919,734,000 after acquiring an additional 4,313,841 shares during the period. Envestnet Asset Management Inc. boosted its position in Dimensional US High Profitability ETF by 14.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 29,430,960 shares of the company’s stock valued at $941,496,000 after buying an additional 3,781,741 shares during the last quarter. Merriman Wealth Management LLC grew its position in shares of Dimensional US High Profitability ETF by 1.3% during the second quarter. Merriman Wealth Management LLC now owns 8,211,229 shares of the company’s stock worth $262,677,000 after buying an additional 108,172 shares in the last quarter. Forum Financial Management LP increased its position in shares of Dimensional US High Profitability ETF by 2.4% in the 3rd quarter. Forum Financial Management LP now owns 6,842,864 shares of the company’s stock worth $233,136,000 after purchasing an additional 160,574 shares during the last quarter. Finally, Adero Partners LLC grew its position in shares of Dimensional US High Profitability ETF by 0.9% in the 2nd quarter. Adero Partners LLC now owns 6,751,837 shares of the company’s stock worth $215,991,000 after acquiring an additional 60,635 shares in the last quarter.

Dimensional US High Profitability ETF Trading Up 0.2 %

Shares of NYSEARCA DUHP opened at $34.35 on Tuesday. Dimensional US High Profitability ETF has a 12-month low of $26.91 and a 12-month high of $35.37. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 21.58 and a beta of 0.92. The stock’s 50 day simple moving average is $34.19 and its 200 day simple moving average is $32.79.

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.