Dimensional U.S. Targeted Value ETF (NYSEARCA:DFAT) Sets New 1-Year High – Still a Buy?

Dimensional U.S. Targeted Value ETF (NYSEARCA:DFAT)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $70.29 and last traded at $70.25, with a volume of 32399 shares traded. The stock had previously closed at $69.90.

Dimensional U.S. Targeted Value ETF Stock Performance

The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 12.39 and a beta of 0.96. The company has a fifty day simple moving average of $67.58 and a 200 day simple moving average of $64.76.

Hedge Funds Weigh In On Dimensional U.S. Targeted Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EP Wealth Advisors LLC bought a new stake in Dimensional U.S. Targeted Value ETF during the fourth quarter valued at $249,084,000. Corient Private Wealth LLC raised its position in shares of Dimensional U.S. Targeted Value ETF by 208.5% in the 4th quarter. Corient Private Wealth LLC now owns 2,724,033 shares of the company’s stock worth $162,189,000 after acquiring an additional 1,841,154 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Dimensional U.S. Targeted Value ETF by 8,960.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,419,609 shares of the company’s stock valued at $85,390,000 after purchasing an additional 1,403,940 shares during the period. Focus Partners Advisor Solutions LLC lifted its stake in shares of Dimensional U.S. Targeted Value ETF by 21.0% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 5,294,823 shares of the company’s stock valued at $315,254,000 after purchasing an additional 919,456 shares during the period. Finally, Earned Wealth Advisors LLC boosted its position in shares of Dimensional U.S. Targeted Value ETF by 95.1% during the 4th quarter. Earned Wealth Advisors LLC now owns 1,457,860 shares of the company’s stock valued at $86,801,000 after purchasing an additional 710,659 shares in the last quarter.

About Dimensional U.S. Targeted Value ETF

The Dimensional U.S. Targeted Value ETF (DFAT) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active, tax-managed fund that seeks to provide long-term capital appreciation from a portfolio of US mid- and small-cap value stocks. DFAT was launched on Dec 11, 1998 and is managed by Dimensional.