Dimensional U.S. Targeted Value ETF (NYSEARCA:DFAT) Sets New 52-Week High – Still a Buy?

Dimensional U.S. Targeted Value ETF (NYSEARCA:DFAT) hit a new 52-week high during trading on Wednesday . The stock traded as high as $59.30 and last traded at $59.30, with a volume of 5242 shares. The stock had previously closed at $55.94.

Dimensional U.S. Targeted Value ETF Stock Performance

The stock has a 50-day moving average price of $54.91 and a 200-day moving average price of $53.76. The stock has a market cap of $11.05 billion, a P/E ratio of 9.99 and a beta of 1.12.

Institutional Investors Weigh In On Dimensional U.S. Targeted Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in DFAT. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dimensional U.S. Targeted Value ETF in the 2nd quarter worth $28,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Dimensional U.S. Targeted Value ETF during the second quarter valued at about $30,000. Iron Horse Wealth Management LLC purchased a new position in shares of Dimensional U.S. Targeted Value ETF in the 3rd quarter valued at approximately $32,000. WealthShield Partners LLC raised its stake in shares of Dimensional U.S. Targeted Value ETF by 134.2% in the second quarter. WealthShield Partners LLC now owns 712 shares of the company’s stock worth $37,000 after purchasing an additional 408 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Dimensional U.S. Targeted Value ETF during the 2nd quarter worth about $46,000.

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.