Phillips Financial Management LLC has increased its investment in the Dimensional U.S. Small Cap ETF (NYSEARCA: DFAS) by 8.1% during the third quarter of 2023. According to a filing with the Securities and Exchange Commission (SEC), the firm purchased an additional 32,876 shares, bringing its total holdings to 437,153 shares. This investment now constitutes approximately 2.0% of Phillips Financial Management’s overall portfolio, making DFAS its 16th largest holding.
At the conclusion of the most recent reporting period, Phillips Financial Management’s stake in the Dimensional U.S. Small Cap ETF was valued at approximately $29.9 million. Other institutional investors have also been active in adjusting their positions in this exchange-traded fund. For instance, Reyes Financial Architecture Inc. established a new position in DFAS during the second quarter, investing around $36,000.
Institutional Activity and Market Performance
Tradewinds Capital Management LLC significantly increased its stake in the Dimensional U.S. Small Cap ETF by 38.6% during the third quarter. Following this increase, Tradewinds Capital now owns 610 shares, valued at approximately $42,000. Additionally, Trust Co. of Vermont and Hantz Financial Services Inc. each acquired new positions worth about $42,000 and $46,000, respectively, in the second quarter. Russell Investments Group Ltd. also made a new investment in DFAS, worth around $58,000.
On Friday, the Dimensional U.S. Small Cap ETF opened at $73.43, reflecting a 0.8% increase. The fund’s performance is supported by its 50-day moving average of $69.63 and a 200-day moving average of $67.94. The ETF has a market capitalization of $12.74 billion, a price-to-earnings (PE) ratio of 15.89, and a beta of 1.06. Over the past year, DFAS has reached a low of $51.45 and a high of $73.62.
The Dimensional U.S. Small Cap ETF, launched on December 15, 1998, primarily invests in small-cap stocks. The fund employs an active investment strategy, selecting companies based on multiple factors and weighting them by market capitalization. Managed by Dimensional, this ETF continues to attract significant attention from both institutional and retail investors.
For those interested in tracking hedge fund activities related to DFAS, HoldingsChannel.com provides insights into the latest 13F filings and insider trades for the Dimensional U.S. Small Cap ETF. Additionally, MarketBeat.com offers a daily email newsletter summarizing the latest news and analyst ratings for DFAS and comparable companies.
