Dimensional U.S. Small Cap ETF (NYSEARCA:DFAS) Hits New 52-Week High – Should You Buy?

Dimensional U.S. Small Cap ETF (NYSEARCA:DFAS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $77.05 and last traded at $76.13, with a volume of 509814 shares trading hands. The stock had previously closed at $76.39.

Dimensional U.S. Small Cap ETF Stock Up 1.1%

The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 15.89 and a beta of 1.06. The stock’s 50-day simple moving average is $72.90 and its two-hundred day simple moving average is $69.57.

Institutional Investors Weigh In On Dimensional U.S. Small Cap ETF

Institutional investors have recently bought and sold shares of the company. Washington Trust Bank boosted its holdings in Dimensional U.S. Small Cap ETF by 45.9% in the 3rd quarter. Washington Trust Bank now owns 1,149,729 shares of the company’s stock valued at $78,710,000 after purchasing an additional 361,707 shares in the last quarter. Great Point Wealth Advisors LLC acquired a new stake in shares of Dimensional U.S. Small Cap ETF in the 3rd quarter valued at approximately $2,630,000. Birchcreek Wealth Management LLC boosted its stake in shares of Dimensional U.S. Small Cap ETF by 11.3% in the third quarter. Birchcreek Wealth Management LLC now owns 66,992 shares of the company’s stock valued at $4,586,000 after buying an additional 6,800 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Dimensional U.S. Small Cap ETF by 70.9% during the third quarter. Concurrent Investment Advisors LLC now owns 53,681 shares of the company’s stock worth $3,675,000 after acquiring an additional 22,265 shares during the period. Finally, Barnes Pettey Financial Advisors LLC purchased a new position in Dimensional U.S. Small Cap ETF in the second quarter worth $361,000.

About Dimensional U.S. Small Cap ETF

The Dimensional U.S. Small Cap ETF (DFAS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund actively invests in small-cap US companies, selected using multiple factors and weighted by market capitalization. DFAS was launched on Dec 15, 1998 and is managed by Dimensional.