Dimensional U.S. Core Equity 2 ETF (NYSEARCA:DFAC) Hits New 1-Year High – Time to Buy?

Dimensional U.S. Core Equity 2 ETF (NYSEARCA:DFAC) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.39 and last traded at $34.38, with a volume of 275742 shares traded. The stock had previously closed at $34.19.

Dimensional U.S. Core Equity 2 ETF Stock Up 0.5 %

The stock has a market cap of $29.79 billion, a price-to-earnings ratio of 19.03 and a beta of 1.00. The business’s 50 day simple moving average is $33.22 and its 200 day simple moving average is $32.36.

Hedge Funds Weigh In On Dimensional U.S. Core Equity 2 ETF

Several institutional investors and hedge funds have recently made changes to their positions in DFAC. Envestnet Asset Management Inc. boosted its stake in Dimensional U.S. Core Equity 2 ETF by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 53,433,075 shares of the company’s stock valued at $1,722,682,000 after buying an additional 1,598,446 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Dimensional U.S. Core Equity 2 ETF by 5.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 47,667,442 shares of the company’s stock valued at $1,476,782,000 after buying an additional 2,612,418 shares in the last quarter. LPL Financial LLC grew its stake in shares of Dimensional U.S. Core Equity 2 ETF by 1.4% during the second quarter. LPL Financial LLC now owns 17,656,203 shares of the company’s stock worth $569,236,000 after buying an additional 239,260 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Dimensional U.S. Core Equity 2 ETF by 4.1% in the first quarter. Commonwealth Equity Services LLC now owns 10,614,978 shares of the company’s stock valued at $339,149,000 after purchasing an additional 417,123 shares during the last quarter. Finally, Savant Capital LLC boosted its position in Dimensional U.S. Core Equity 2 ETF by 82.7% during the 2nd quarter. Savant Capital LLC now owns 9,757,567 shares of the company’s stock worth $314,584,000 after buying an additional 4,416,364 shares during the period.

Dimensional U.S. Core Equity 2 ETF Company Profile

The Dimensional U.S. Core Equity 2 ETF (DFAC) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US equities of all sizes with a tilt toward small-cap companies, seeking to provide long-term capital appreciation. DFAC was launched on Oct 4, 2007 and is managed by Dimensional.