Distillate U.S. Fundamental Stability & Value ETF (NYSEARCA:DSTL) Hits New 52-Week High – Here’s Why

Shares of Distillate U.S. Fundamental Stability & Value ETF (NYSEARCA:DSTL) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $62.99 and last traded at $62.48, with a volume of 103772 shares changing hands. The stock had previously closed at $61.86.

Distillate U.S. Fundamental Stability & Value ETF Stock Performance

The firm has a market capitalization of $1.91 billion, a PE ratio of 16.69 and a beta of 0.85. The company’s 50-day moving average price is $59.56 and its 200-day moving average price is $59.70.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Distillate U.S. Fundamental Stability & Value ETF by 154.5% in the second quarter. JPMorgan Chase & Co. now owns 81,214 shares of the company’s stock valued at $4,495,000 after buying an additional 49,298 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Distillate U.S. Fundamental Stability & Value ETF by 5,565.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock worth $91,000 after buying an additional 1,614 shares during the last quarter. Team Financial Group LLC increased its position in Distillate U.S. Fundamental Stability & Value ETF by 73.2% in the 4th quarter. Team Financial Group LLC now owns 1,777 shares of the company’s stock valued at $105,000 after acquiring an additional 751 shares during the period. Flagship Harbor Advisors LLC raised its stake in Distillate U.S. Fundamental Stability & Value ETF by 1.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 29,839 shares of the company’s stock valued at $1,758,000 after acquiring an additional 359 shares during the last quarter. Finally, Aspect Partners LLC lifted its position in Distillate U.S. Fundamental Stability & Value ETF by 13.9% during the 4th quarter. Aspect Partners LLC now owns 54,804 shares of the company’s stock worth $3,228,000 after acquiring an additional 6,685 shares during the period.

About Distillate U.S. Fundamental Stability & Value ETF

The Distillate U.S. Fundamental Stability & Value ETF (DSTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap stocks that score favourably for financial indebtedness, fundamental stability, and valuation. The portfolio is equally weighted, modified by free cash flow. DSTL was launched on Oct 24, 2018 and is managed by Distillate.