Avondale Wealth Management Lowers Stock Position in Dimensional US High Profitability ETF (NYSEARCA:DUHP)

Avondale Wealth Management trimmed its holdings in shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) by 83.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,111 shares of the company’s stock after selling 206,669 shares during the quarter. Dimensional US High Profitability ETF accounts for approximately 0.9% of Avondale Wealth Management’s holdings, making the stock its 19th biggest holding. Avondale Wealth Management’s holdings in Dimensional US High Profitability ETF were worth $1,355,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DUHP. Mercer Global Advisors Inc. ADV raised its position in shares of Dimensional US High Profitability ETF by 16.4% in 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 in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Dimensional US High Profitability ETF by 14.7% during the second 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. Pure Financial Advisors LLC boosted its holdings in shares of Dimensional US High Profitability ETF by 35.0% in the 3rd quarter. Pure Financial Advisors LLC now owns 4,628,551 shares of the company’s stock valued at $157,695,000 after buying an additional 1,200,771 shares in the last quarter. Beaird Harris Wealth Management LLC purchased a new position in shares of Dimensional US High Profitability ETF in the 2nd quarter worth approximately $34,026,000. Finally, Wealthstream Advisors Inc. bought a new position in shares of Dimensional US High Profitability ETF during the 3rd quarter worth approximately $31,061,000.

Dimensional US High Profitability ETF Stock Performance

NYSEARCA:DUHP traded down $0.34 during midday trading on Friday, reaching $33.60. 186,058 shares of the stock traded hands, compared to its average volume of 761,219. The stock has a market capitalization of $5.79 billion, a PE ratio of 21.58 and a beta of 0.92. Dimensional US High Profitability ETF has a 12-month low of $28.25 and a 12-month high of $35.79. The business has a 50-day moving average of $34.65 and a two-hundred day moving average of $33.64.

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.