Sequoia Financial Advisors LLC Trims Stake in Dimensional US High Profitability ETF $DUHP

Sequoia Financial Advisors LLC lowered its holdings in Dimensional US High Profitability ETF (NYSEARCA:DUHP) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 820,348 shares of the company’s stock after selling 33,019 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.28% of Dimensional US High Profitability ETF worth $30,156,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Petersen Hastings Wealth Advisors Inc. purchased a new stake in Dimensional US High Profitability ETF in the fourth quarter worth approximately $108,832,000. Mercer Global Advisors Inc. ADV boosted its stake in shares of Dimensional US High Profitability ETF by 6.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 42,604,612 shares of the company’s stock valued at $1,609,176,000 after purchasing an additional 2,484,185 shares during the period. Allworth Financial LP increased its stake in shares of Dimensional US High Profitability ETF by 187.4% in the third quarter. Allworth Financial LP now owns 2,961,456 shares of the company’s stock worth $111,854,000 after buying an additional 1,931,114 shares during the period. Corient Private Wealth LLC raised its holdings in Dimensional US High Profitability ETF by 90.6% during the 4th quarter. Corient Private Wealth LLC now owns 3,310,640 shares of the company’s stock valued at $125,482,000 after buying an additional 1,573,405 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Dimensional US High Profitability ETF by 5,312.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,456,563 shares of the company’s stock valued at $55,393,000 after buying an additional 1,429,651 shares during the period.

Dimensional US High Profitability ETF Price Performance

DUHP traded up $0.17 during midday trading on Friday, reaching $41.87. 553,548 shares of the company’s stock traded hands, compared to its average volume of 1,256,918. Dimensional US High Profitability ETF has a 52 week low of $35.59 and a 52 week high of $41.92. The firm has a fifty day moving average of $40.83 and a two-hundred day moving average of $39.22. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 24.91 and a beta of 0.94.

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.