On Monday, the Dimensional US Marketwide Value ETF (NYSEARCA:DFUV) achieved a notable milestone, reaching a new 52-week high of $47.61 per share. The ETF, which closed the previous day at $47.12, was last traded at $47.6930, with a trading volume of 25,507 shares. This represents a 1.6% increase in value, marking a significant upward trend for investors.
Investors are paying close attention to the ETF’s performance, given its impressive market capitalization of $13.17 billion. The fund has a price-to-earnings (P/E) ratio of 15.88 and a beta of 0.96, indicating that it is relatively stable compared to the overall market. The ETF’s moving averages reflect this upward momentum, with a 50-day moving average at $45.72 and a 200-day moving average at $44.36.
Hedge Funds Adjust Their Holdings
Recent activity among hedge funds suggests growing interest in the Dimensional US Marketwide Value ETF. Several firms have adjusted their positions in the ETF over the past few months. Notably, HHM Wealth Advisors LLC acquired a new position valued at approximately $46,000 during the third quarter.
Meanwhile, Fortitude Family Office LLC increased its holdings by 31.6% in the second quarter, now owning 1,040 shares valued at $44,000 after purchasing an additional 250 shares. Similarly, ST Germain D J Co. Inc. entered the market with a new position valued at about $54,000, while Retirement Wealth Solutions LLC and Ameritas Advisory Services LLC also purchased new stakes worth approximately $60,000 and $85,000, respectively.
The consistent interest from these investment firms indicates a positive outlook on the ETF’s potential for long-term capital appreciation.
About the Dimensional US Marketwide Value ETF
The Dimensional US Marketwide Value ETF is an actively managed exchange-traded fund that tracks the Russell 3000 Value index. Launched on December 16, 1998, the fund focuses on US stocks that exhibit value characteristics. Its management team is dedicated to seeking long-term capital appreciation for its investors.
As financial markets continue to fluctuate, the performance of the Dimensional US Marketwide Value ETF will be closely monitored by both retail and institutional investors. Given its recent high and the increased activity from hedge funds, this ETF may represent an attractive opportunity for those looking to diversify their investment portfolios.
