Dimensional Global Real Estate ETF (NYSEARCA:DFGR) Hits New 12-Month High – Still a Buy?

Dimensional Global Real Estate ETF (NYSEARCA:DFGR) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.63 and last traded at $29.29, with a volume of 516923 shares changing hands. The stock had previously closed at $29.48.

Dimensional Global Real Estate ETF Trading Down 2.0%

The firm has a 50-day simple moving average of $28.67 and a two-hundred day simple moving average of $27.72. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 29.05 and a beta of 0.90.

Institutional Investors Weigh In On Dimensional Global Real Estate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFGR. Brighton Jones LLC grew its position in Dimensional Global Real Estate ETF by 14.1% during the 4th quarter. Brighton Jones LLC now owns 1,997,000 shares of the company’s stock worth $51,003,000 after purchasing an additional 246,429 shares during the period. AQR Capital Management LLC grew its position in Dimensional Global Real Estate ETF by 9.8% during the 1st quarter. AQR Capital Management LLC now owns 22,327 shares of the company’s stock worth $586,000 after purchasing an additional 1,984 shares during the period. JPMorgan Chase & Co. grew its position in Dimensional Global Real Estate ETF by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 136,686 shares of the company’s stock worth $3,667,000 after purchasing an additional 994 shares during the period. Diversify Wealth Management LLC grew its position in Dimensional Global Real Estate ETF by 47.4% during the 2nd quarter. Diversify Wealth Management LLC now owns 15,689 shares of the company’s stock worth $419,000 after purchasing an additional 5,044 shares during the period. Finally, Betterment LLC grew its position in Dimensional Global Real Estate ETF by 23.1% during the 2nd quarter. Betterment LLC now owns 112,861 shares of the company’s stock worth $3,028,000 after purchasing an additional 21,168 shares during the period.

Dimensional Global Real Estate ETF Company Profile

The Dimensional Global Real Estate ETF (DFGR) is an exchange-traded fund that mostly invests in real estate equity. The fund is actively managed to hold a diversified selection of US and foreign companies whose principal activities are engaged in the broad real estate sector, while focusing on REITs. Portfolio holdings are weighted by market capitalization. DFGR was launched on Dec 6, 2022 and is managed by Dimensional.