Avondale Wealth Management Sells 206,669 Shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP)

Avondale Wealth Management cut its holdings in Dimensional US High Profitability ETF (NYSEARCA:DUHP) by 83.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,111 shares of the company’s stock after selling 206,669 shares during the period. Dimensional US High Profitability ETF comprises 0.9% of Avondale Wealth Management’s holdings, making the stock its 19th largest holding. Avondale Wealth Management’s holdings in Dimensional US High Profitability ETF were worth $1,355,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its position in Dimensional US High Profitability ETF by 16.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 30,626,311 shares of the company’s stock valued at $919,734,000 after acquiring an additional 4,313,841 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Dimensional US High Profitability ETF by 14.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,430,960 shares of the company’s stock valued at $941,496,000 after purchasing an additional 3,781,741 shares during the last quarter. Merriman Wealth Management LLC raised its position in Dimensional US High Profitability ETF by 1.3% in the 2nd quarter. Merriman Wealth Management LLC now owns 8,211,229 shares of the company’s stock worth $262,677,000 after purchasing an additional 108,172 shares during the period. Forum Financial Management LP lifted its stake in Dimensional US High Profitability ETF by 2.4% in the third quarter. Forum Financial Management LP now owns 6,842,864 shares of the company’s stock worth $233,136,000 after purchasing an additional 160,574 shares during the last quarter. Finally, Pure Financial Advisors LLC boosted its position in shares of Dimensional US High Profitability ETF by 35.0% during the third 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 during the period.

Dimensional US High Profitability ETF Stock Down 1.0 %

DUHP traded down $0.34 during trading hours on Friday, reaching $33.60. 186,058 shares of the company’s stock traded hands, compared to its average volume of 761,219. The firm has a 50-day moving average price of $34.65 and a 200 day moving average price of $33.64. Dimensional US High Profitability ETF has a 52-week low of $28.25 and a 52-week high of $35.79. The firm 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 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.