AlphaCore Capital LLC has significantly expanded its investment in the Dimensional US Marketwide Value ETF (NYSEARCA: DFUV), increasing its holdings by 50.9% during the second quarter of the year. According to its recent filing with the Securities and Exchange Commission (SEC), the institutional investor now holds a total of 8,742 shares, having acquired an additional 2,947 shares in the period. The total value of AlphaCore Capital’s investment in the ETF is approximately $370,000 as of the end of the quarter.
This move comes as part of a broader trend among institutional investors, with several firms adjusting their stakes in the Dimensional US Marketwide Value ETF. For instance, Maseco LLP made a significant entry into the ETF during the second quarter, acquiring a new position valued at around $87.85 million. Additionally, Envestnet Asset Management Inc. increased its holdings by 4.2%, bringing its total to 31,752,400 shares, worth approximately $1.34 billion following the purchase of 1,277,162 shares.
Other notable changes include Porter White Investment Advisors Inc., which acquired a new position valued at $39.45 million in the first quarter, and Elser Financial Planning Inc., which saw an extraordinary increase in its holdings by 12,942.2% during the second quarter. Elser now owns 955,604 shares, valued at approximately $40.42 million, following the acquisition of 948,277 shares.
The Dimensional US Marketwide Value ETF has shown considerable price stability, opening at $44.64 on Tuesday. The ETF has a 50-day moving average of $44.66 and a 200-day moving average of $43.24. With a market capitalization of $12.27 billion, the ETF also boasts a price-to-earnings (P/E) ratio of 15.88 and a beta of 0.96. Over the past year, the ETF has fluctuated between a low of $35.38 and a high of $45.83.
The Dimensional US Marketwide Value ETF, launched on December 16, 1998, is designed to track the Russell 3000 Value Index. It offers an actively managed portfolio of US stocks selected for their value characteristics, aiming to provide long-term capital appreciation.
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