Institutional Moves in Dimensional ETFs

Recent regulatory filings show a series of institutional investors increasing their exposure to Dimensional-branded exchange-traded funds across fixed income and international equity strategies during the fourth quarter.

SC&H Financial Advisors Inc. reported higher stakes in both Dimensional Short-Duration Fixed Income ETF and Dimensional International Core Equity 2 ETF, while Revolve Wealth Partners LLC raised its position in Dimensional Core Fixed Income ETF.

SC&H Financial Advisors Inc. lifted its position in Dimensional Short-Duration Fixed Income ETF (NYSEARCA:DFSD) by 34.2% in the fourth quarter, according to its latest Form 13F filing with the U.S. Securities and Exchange Commission.

The firm owned 425,472 DFSD shares after acquiring an additional 108,378 shares during the period. The holding was valued at $20,401,000 at the end of the reporting period and represented about 3.2% of SC&H Financial Advisors Inc.’s investment portfolio, making DFSD its 11th largest holding.

SC&H Financial Advisors Inc. was reported to own about 0.34% of Dimensional Short-Duration Fixed Income ETF. Other institutions also adjusted positions, including Sowell Financial Services LLC, Austin Private Wealth LLC, HBE Wealth Management LLC, Pine Harbor Wealth Management LLC and Savvy Advisors Inc.

DFSD shares opened at $47.93 on Monday, with a 50-day moving average of $48.14 and a 200-day moving average of $48.15. The ETF’s one-year trading range spans a low of $46.85 to a high of $48.51.

Dimensional Short-Duration Fixed Income ETF is an actively managed fund that provides broad exposure to investment-grade debt securities with short duration. The ETF was launched on November 15, 2021 and is managed by Dimensional.

SC&H Financial Advisors Inc. also grew its position in Dimensional International Core Equity 2 ETF (BATS:DFIC) by 3.1% in the fourth quarter, according to a separate disclosure.

The firm owned 940,566 DFIC shares after purchasing an additional 28,519 shares over the quarter. The stake was valued at $32,412,000 at the end of the reporting period, accounting for 5.0% of SC&H Financial Advisors Inc.’s holdings and making DFIC its 6th largest holding.

SC&H Financial Advisors Inc. owned approximately 0.30% of Dimensional International Core Equity 2 ETF. Other investors including Huntington National Bank, Washington Trust Advisors Inc., Qube Research & Technologies Ltd, MassMutual Private Wealth & Trust FSB and CX Institutional also reported new or increased positions.

DFIC stock opened at $35.85 on Monday, with a market capitalization of $11.12 billion, a price-to-earnings ratio of 14.80 and a beta of 0.83. The ETF’s 50-day and 200-day moving average prices were $36.61 and $34.73, respectively, and it had a 52-week low of $24.59 and a 52-week high of $39.20.

Dimensional International Core Equity 2 ETF is an actively managed equity fund that invests across all market capitalizations in developed markets outside the United States. Holdings are fundamentally screened to emphasize relatively low-priced and profitable small-cap companies. The ETF was launched on March 23, 2022 and is managed by Dimensional.

Revolve Wealth Partners LLC raised its stake in Dimensional Core Fixed Income ETF (NYSEARCA:DFCF) by 3.4% in the fourth quarter, according to its most recent SEC filing.

The firm owned 425,300 DFCF shares after buying an additional 14,055 shares during the period. The position was valued at $18,101,000 and comprised approximately 2.1% of Revolve Wealth Partners LLC’s holdings, making DFCF its 15th largest position. The firm’s ownership amounted to roughly 0.20% of the ETF.

Other investors, including Running Point Capital Advisors LLC, Advisory Services Network LLC, Tradewinds Capital Management LLC, Qube Research & Technologies Ltd and Nemes Rush Group LLC, also reported new or increased stakes in DFCF in recent quarters.

DFCF opened at $42.35 on Monday, with a 50-day moving average price of $42.67 and a 200-day moving average of $42.75. Its 52-week low was $40.56 and its 52-week high was $43.27.

Dimensional Core Fixed Income ETF is an actively managed fund that seeks income and capital appreciation from a broad portfolio of global investment-grade fixed income securities. It is based on the Bloomberg U.S. Aggregate Bond index and was launched on November 15, 2021, managed by Dimensional.

Within Dimensional’s broader offering, the Dimensional World ex U.S. Core Equity 2 ETF (DFAX) focuses on non-U.S. companies and aims to minimize capital gains, with sector weightings and historical performance data provided through market platforms. While no recent institutional moves were detailed for DFAX, it forms part of the same suite of core equity and fixed income ETFs attracting institutional interest.