Royal Bank of Canada Decreases Holdings in Dimensional US High Profitability ETF $DUHP

Royal Bank of Canada lowered its stake in shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) by 12.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,504 shares of the company’s stock after selling 55,530 shares during the period. Royal Bank of Canada owned about 0.14% of Dimensional US High Profitability ETF worth $14,834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of DUHP. AQR Capital Management LLC lifted its stake in Dimensional US High Profitability ETF by 99.7% in the 1st quarter. AQR Capital Management LLC now owns 25,580 shares of the company’s stock valued at $848,000 after buying an additional 12,771 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Dimensional US High Profitability ETF during the 2nd quarter worth approximately $302,000. Flow Traders U.S. LLC purchased a new stake in Dimensional US High Profitability ETF during the 2nd quarter worth approximately $418,000. Sei Investments Co. acquired a new position in shares of Dimensional US High Profitability ETF during the second quarter valued at approximately $739,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Dimensional US High Profitability ETF during the second quarter valued at approximately $1,057,000.

Dimensional US High Profitability ETF Price Performance

NYSEARCA DUHP opened at $42.52 on Friday. The company has a market cap of $12.67 billion, a PE ratio of 24.91 and a beta of 0.94. The stock’s 50 day simple moving average is $41.39 and its 200-day simple moving average is $39.67. Dimensional US High Profitability ETF has a 1-year low of $35.69 and a 1-year high of $42.76.

About Dimensional US High Profitability ETF

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.