Riverchase Wealth Management LLC Makes New Investment in Dimensional U.S. Core Equity 2 ETF (NYSEARCA:DFAC)

Riverchase Wealth Management LLC purchased a new position in shares of Dimensional U.S. Core Equity 2 ETF (NYSEARCA:DFAC) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 741,806 shares of the company’s stock, valued at approximately $25,659,000. Dimensional U.S. Core Equity 2 ETF accounts for 19.2% of Riverchase Wealth Management LLC’s investment portfolio, making the stock its biggest position.

Several other hedge funds have also made changes to their positions in DFAC. Atomi Financial Group Inc. acquired a new stake in Dimensional U.S. Core Equity 2 ETF in the 4th quarter worth about $257,000. JPMorgan Chase & Co. grew its holdings in Dimensional U.S. Core Equity 2 ETF by 2.4% in the third quarter. JPMorgan Chase & Co. now owns 1,528,034 shares of the company’s stock valued at $52,396,000 after purchasing an additional 36,331 shares during the period. Keystone Financial Group Inc. acquired a new position in Dimensional U.S. Core Equity 2 ETF during the fourth quarter worth approximately $3,541,000. PNC Financial Services Group Inc. raised its stake in Dimensional U.S. Core Equity 2 ETF by 10.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 27,494 shares of the company’s stock worth $951,000 after purchasing an additional 2,664 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Dimensional U.S. Core Equity 2 ETF by 45.8% in the 4th quarter. Jones Financial Companies Lllp now owns 26,952 shares of the company’s stock valued at $932,000 after purchasing an additional 8,467 shares during the last quarter.

Dimensional U.S. Core Equity 2 ETF Stock Down 0.4 %

DFAC stock opened at $33.45 on Friday. The company has a market cap of $31.71 billion, a price-to-earnings ratio of 20.92 and a beta of 1.01. The business has a fifty day simple moving average of $34.81 and a 200-day simple moving average of $34.87. Dimensional U.S. Core Equity 2 ETF has a 52 week low of $29.99 and a 52 week high of $36.66.

Dimensional U.S. Core Equity 2 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.083 per share. The ex-dividend date was Tuesday, March 25th.

About Dimensional U.S. Core Equity 2 ETF

The Dimensional U.S. Core Equity 2 ETF (DFAC) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US equities of all sizes with a tilt toward small-cap companies, seeking to provide long-term capital appreciation. DFAC was launched on Oct 4, 2007 and is managed by Dimensional.