Summit Financial Strategies Inc. Has $22.57 Million Stock Holdings in Dimensional U.S. Targeted Value ETF $DFAT

Summit Financial Strategies Inc. lifted its stake in shares of Dimensional U.S. Targeted Value ETF (NYSEARCA:DFAT) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 387,662 shares of the company’s stock after purchasing an additional 16,064 shares during the quarter. Dimensional U.S. Targeted Value ETF accounts for 1.9% of Summit Financial Strategies Inc.’s holdings, making the stock its 15th biggest holding. Summit Financial Strategies Inc. owned approximately 0.19% of Dimensional U.S. Targeted Value ETF worth $22,566,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DFAT. Trust Co. of Toledo NA OH bought a new stake in Dimensional U.S. Targeted Value ETF during the second quarter worth about $27,000. Hantz Financial Services Inc. bought a new position in Dimensional U.S. Targeted Value ETF in the 2nd quarter valued at about $53,000. Ameritas Advisory Services LLC acquired a new position in shares of Dimensional U.S. Targeted Value ETF in the 2nd quarter valued at approximately $69,000. Retirement Wealth Solutions LLC bought a new stake in shares of Dimensional U.S. Targeted Value ETF during the 3rd quarter worth approximately $72,000. Finally, Huntington National Bank acquired a new stake in shares of Dimensional U.S. Targeted Value ETF during the 2nd quarter worth approximately $81,000.

Dimensional U.S. Targeted Value ETF Price Performance

Shares of NYSEARCA:DFAT opened at $60.03 on Monday. Dimensional U.S. Targeted Value ETF has a 1 year low of $44.01 and a 1 year high of $61.77. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 12.39 and a beta of 1.04. The company’s 50 day simple moving average is $58.69 and its 200 day simple moving average is $57.47.

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.