Waterfront Wealth Inc. Has $4.37 Million Stake in Dimensional US High Profitability ETF (NYSEARCA:DUHP)

Waterfront Wealth Inc. decreased its position in shares of Dimensional US High Profitability ETF (NYSEARCA:DUHP) by 1.3% in the fourth quarter, Holdings Channel reports. The fund owned 152,714 shares of the company’s stock after selling 2,025 shares during the period. Dimensional US High Profitability ETF accounts for 1.3% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 19th biggest holding. Waterfront Wealth Inc.’s holdings in Dimensional US High Profitability ETF were worth $4,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of DUHP. Jane Street Group LLC bought a new position in shares of Dimensional US High Profitability ETF during the 2nd quarter worth about $587,000. Royal Bank of Canada bought a new position in shares of Dimensional US High Profitability ETF during the 3rd quarter worth about $4,738,000. UBS Group AG bought a new position in shares of Dimensional US High Profitability ETF during the 4th quarter worth about $88,000. JPMorgan Chase & Co. bought a new position in shares of Dimensional US High Profitability ETF during the 4th quarter worth about $3,958,000. Finally, Renaissance Technologies LLC bought a new position in shares of Dimensional US High Profitability ETF during the 4th quarter worth about $201,000.

Dimensional US High Profitability ETF Stock Performance

Shares of NYSEARCA:DUHP traded down $0.20 on Wednesday, hitting $30.00. 877,963 shares of the company were exchanged, compared to its average volume of 854,456. The company’s 50 day moving average price is $30.77 and its two-hundred day moving average price is $28.60. Dimensional US High Profitability ETF has a one year low of $24.46 and a one year high of $31.72. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 17.09 and a beta of 0.98.

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.