The Dimensional US Marketwide Value ETF (NYSEARCA: DFUV) achieved a new 52-week high on Monday, trading at a peak of $47.61 before closing at $47.6930. This marks a notable increase from its previous closing price of $47.12, with a trading volume of 25,507 shares.
The ETF has seen a rise of 1.6% recently. Its performance is supported by a 50-day moving average of $45.72 and a 200-day moving average of $44.36. With a market capitalization of $13.17 billion, the ETF holds a price-to-earnings ratio of 15.88 and a beta of 0.96, indicating its relative stability compared to the broader market.
Investment Activity and Hedge Fund Involvement
Recent investment activity reveals a growing interest among hedge funds in the Dimensional US Marketwide Value ETF. Several firms have adjusted their holdings, indicating potential confidence in the ETF’s future performance.
For instance, HHM Wealth Advisors LLC acquired a new position valued at $46,000 during the third quarter. Additionally, 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.
Other notable investments include ST Germain D J Co. Inc., which purchased a new stake valued at approximately $54,000, and Retirement Wealth Solutions LLC, with a new position valued at about $60,000. Furthermore, Ameritas Advisory Services LLC bought shares worth around $85,000 in the second quarter, highlighting a robust interest from institutional investors.
About the Dimensional US Marketwide Value ETF
The Dimensional US Marketwide Value ETF is designed to track the Russell 3000 Value index, which includes a broad range of US stocks characterized by value traits. Launched on December 16, 1998, it is actively managed by Dimensional, focusing on long-term capital appreciation for its investors.
With the recent performance peaks and increasing institutional investment, potential investors may wish to consider the ETF’s trajectory in the context of their financial goals. As always, careful analysis and consideration of market conditions are advisable before making investment decisions.
