RFG Advisory Reduces Stake in Dimensional Emerging Markets ETF

RFG Advisory LLC has decreased its investment in the Dimensional Emerging Markets High Profitability ETF (NYSEARCA: DEHP) by 1.5% during the second quarter of 2023, according to data from Holdings Channel. Following the sale of 4,335 shares, RFG Advisory now holds a total of 287,928 shares, valued at approximately $8.06 million based on their latest filing with the U.S. Securities and Exchange Commission (SEC).

A number of other institutional investors have also made adjustments to their positions in DEHP. For instance, during the first quarter, Capital Investment Advisory Services LLC significantly increased its stake by 103.7%, acquiring an additional 3,017 shares to bring its total holdings to 5,926 shares, valued at $149,000. Similarly, Maryland Capital Advisors Inc. boosted its stake by an impressive 351.2%, now owning 9,335 shares worth $235,000 after adding 7,266 shares.

Acorn Wealth Advisors LLC also increased its position by 6.3%, now holding 9,784 shares valued at $247,000. Additionally, Sollinda Capital Management LLC established a new position in the ETF, valued at around $277,000. Pinney & Scofield Inc. raised its stake by 35.5%, now owning 15,731 shares worth $397,000 after acquiring another 4,118 shares.

Current Stock Performance and Overview

As of the latest trading session, DEHP opened at $30.80. The ETF boasts a market capitalization of $292.60 million, with a price-to-earnings (P/E) ratio of 16.44 and a beta of 0.93, indicating its relative stability compared to the overall market. The 50-day simple moving average is noted at $29.88, while the 200-day average stands at $27.72. Over the past year, DEHP has experienced a low of $21.48 and a high of $32.06.

The Dimensional Emerging Markets High Profitability ETF, launched on April 27, 2022, primarily invests in large-cap equities from emerging markets that exhibit high profitability characteristics. The fund aims to deliver long-term capital appreciation through active management of its portfolio.

Investors interested in tracking the latest movements and positions of hedge funds concerning DEHP can turn to Holdings Channel for real-time updates on 13F filings and insider trades related to the Dimensional Emerging Markets High Profitability ETF.