Assetmark Inc. has significantly increased its investment in the Dimensional International Vector Equity ETF (NYSEARCA:DXIV), acquiring 46,358 shares valued at approximately $2.69 million during the second quarter of 2023. This acquisition was disclosed in a recent filing with the Securities and Exchange Commission (SEC), highlighting Assetmark’s growing interest in this actively managed exchange-traded fund.
Several other institutional investors have also made notable adjustments to their holdings in the Dimensional ETF. For instance, Glass Jacobson Investment Advisors LLC purchased a new stake valued at around $53,000. Similarly, VanderPol Investments L.L.C. entered the market in the first quarter with a stake worth approximately $247,000. Additionally, BIP Wealth LLC bought shares valued at $461,000 in the second quarter.
Investors have also seen significant growth in their existing positions. Cordant Inc. increased its holdings by 14.1%, now owning 28,348 shares valued at $1.65 million after acquiring an additional 3,498 shares. Meanwhile, Pure Financial Advisors LLC boosted its stake by 27.0%, bringing its total to 110,134 shares valued at about $6.39 million after purchasing 23,391 shares.
Market Performance and ETF Overview
As of Wednesday, shares of the Dimensional International Vector Equity ETF opened at $61.05. The fund currently has a market capitalization of $116 million, with a price-to-earnings (P/E) ratio of 14.03 and a beta of 0.93. Over the past year, the ETF has fluctuated between a low of $45.94 and a high of $63.89, reflecting its position in the market.
The Dimensional International Vector Equity ETF primarily invests in a diverse portfolio of equities from developed markets outside the United States. This fund is characterized by its focus on companies with smaller market capitalizations, lower relative prices, and higher profitability, making it an appealing option for investors seeking broad international exposure.
As interest in this ETF grows, market watchers will be keen to see how these recent acquisitions impact its performance and investor sentiment. Those looking for further details can visit HoldingsChannel.com for the latest 13F filings and insider trades related to the Dimensional International Vector Equity ETF (NYSEARCA:DXIV).
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