Dimensional US Marketwide Value ETF (NYSEARCA:DFUV) Reaches New 12-Month High – Here’s Why

Dimensional US Marketwide Value ETF (NYSEARCA:DFUV) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $53.06 and last traded at $53.03, with a volume of 5120 shares traded. The stock had previously closed at $52.61.

Dimensional US Marketwide Value ETF Price Performance

The firm’s 50-day moving average price is $50.25 and its 200-day moving average price is $48.55. The company has a market cap of $14.77 billion, a price-to-earnings ratio of 15.88 and a beta of 0.91.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DFUV. Royal Bank of Canada lifted its stake in shares of Dimensional US Marketwide Value ETF by 1.9% during the first quarter. Royal Bank of Canada now owns 102,072 shares of the company’s stock worth $4,206,000 after purchasing an additional 1,863 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Dimensional US Marketwide Value ETF by 50.9% in the first quarter. AQR Capital Management LLC now owns 102,100 shares of the company’s stock worth $4,208,000 after buying an additional 34,441 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Dimensional US Marketwide Value ETF in the first quarter valued at about $202,000. Russell Investments Group Ltd. raised its holdings in shares of Dimensional US Marketwide Value ETF by 117.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,520 shares of the company’s stock valued at $149,000 after buying an additional 1,900 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in shares of Dimensional US Marketwide Value ETF by 3.2% during the 2nd quarter. Baird Financial Group Inc. now owns 29,492 shares of the company’s stock valued at $1,247,000 after buying an additional 925 shares during the period.

Dimensional US Marketwide Value ETF Company Profile

The Dimensional US Marketwide Value ETF (DFUV) is an exchange-traded fund that is based on the Russell 3000 Value index. The fund is an actively managed portfolio of US stocks, selected for having value characteristics. The fund seeks to provide long-term capital appreciation. DFUV was launched on Dec 16, 1998 and is managed by Dimensional.