Park Avenue Securities LLC Reduces Stake in Dimensional US Large Cap Value ETF

Park Avenue Securities LLC has reduced its stake in the Dimensional US Large Cap Value ETF (NYSEARCA:DFLV) by 13.1% during the third quarter, as reported in their latest filing with the Securities & Exchange Commission. The firm now holds 16,030 shares of this exchange-traded fund after selling 2,423 shares during this period. At the conclusion of the most recent quarter, their holdings in the Dimensional US Large Cap Value ETF were valued at approximately $494,000.

In addition to Park Avenue Securities LLC, several other institutional investors have either increased or decreased their investments in DFLV recently. For instance, Advisory Services & Investments LLC raised its position in the ETF by 17.1% during the first quarter, owning 146,565 shares valued at $4,395,000 after purchasing an additional 21,358 shares. Dorsey & Whitney Trust CO LLC also made a move by acquiring a new position in the ETF in the second quarter, worth around $269,000.

Meanwhile, Studio Investment Management LLC has slightly increased its holdings in DFLV by 0.8% in the fourth quarter, bringing their ownership to 70,639 shares, worth about $1,911,000 after acquiring 574 more shares. Morris Financial Concepts Inc. raised its position in shares of the fund by 6.2% during the first quarter and currently owns 26,826 shares valued at $805,000 following the addition of 1,564 shares.

Additionally, Innealta Capital LLC entered a new position in DFLV during the second quarter, valued at $42,000.

Recent Performance of Dimensional US Large Cap Value ETF

On Friday, DFLV opened at $31.27, marking a 1.2% increase. The ETF has experienced a 12-month low of $23.26 and a high of $31.32. Its fifty-day simple moving average stands at $30.13, while its 200-day simple moving average is at $29.54. The Dimensional US Large Cap Value ETF has a market capitalization of $2.01 billion, a price-to-earnings (P/E) ratio of 13.15, and a beta of 0.78.

Understanding the Dimensional US Large Cap Value ETF

The Dimensional US Large Cap Value ETF (DFLV) is designed to invest primarily in large-cap equity. This actively managed fund focuses on a wide array of U.S. large-cap companies that exhibit value characteristics across various sectors. The portfolio's holdings are weighted according to market capitalization. DFLV was launched on December 6, 2022, and is managed by the Dimensional Fund Advisors team.

Investment, ETF, Stake