Northwestern Mutual Wealth Management Co. Buys 42,899 Shares of Dimensional US High Profitability ETF $DUHP

Northwestern Mutual Wealth Management Co. boosted its stake in Dimensional US High Profitability ETF (NYSEARCA:DUHP) by 159.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,811 shares of the company’s stock after acquiring an additional 42,899 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Dimensional US High Profitability ETF were worth $2,655,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV raised its position in Dimensional US High Profitability ETF by 6.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 42,604,612 shares of the company’s stock worth $1,609,176,000 after acquiring an additional 2,484,185 shares during the period. Focus Partners Wealth raised its position in Dimensional US High Profitability ETF by 3.3% in the third quarter. Focus Partners Wealth now owns 18,587,943 shares of the company’s stock worth $702,455,000 after acquiring an additional 585,098 shares during the period. Forum Financial Management LP raised its position in Dimensional US High Profitability ETF by 6.3% in the fourth quarter. Forum Financial Management LP now owns 8,017,707 shares of the company’s stock worth $304,913,000 after acquiring an additional 472,714 shares during the period. Pure Financial Advisors LLC raised its position in shares of Dimensional US High Profitability ETF by 9.0% in the fourth quarter. Pure Financial Advisors LLC now owns 7,550,120 shares of the company’s stock valued at $287,131,000 after purchasing an additional 622,880 shares during the period. Finally, Allworth Financial LP raised its position in shares of Dimensional US High Profitability ETF by 5.0% in the fourth quarter. Allworth Financial LP now owns 3,109,379 shares of the company’s stock valued at $118,250,000 after purchasing an additional 147,923 shares during the period.

Dimensional US High Profitability ETF Stock Down 2.4%

NYSEARCA DUHP opened at $40.69 on Friday. The company’s 50 day moving average is $39.21 and its 200-day moving average is $38.61. Dimensional US High Profitability ETF has a 12-month low of $34.33 and a 12-month high of $41.74. The firm has a market cap of $11.78 billion, a P/E 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.