Level Financial Advisors has increased its stake in the Dimensional Emerging Markets Core Equity 2 ETF (NYSEARCA: DFEM) by 14.9% during the third quarter of 2023. This information comes from the firm’s latest filing with the Securities & Exchange Commission. Following the acquisition of an additional 40,751 shares, Level Financial Advisors now owns 313,736 shares of the ETF, which represents approximately 2.8% of its total holdings, making it the firm’s 10th largest holding.
As of the most recent filing, Level Financial Advisors holds 0.16% of the Dimensional Emerging Markets Core Equity 2 ETF, with a total value of about $10,062,000. Several other institutional investors have also adjusted their positions in DFEM recently, reflecting a growing interest in emerging markets.
Institutional Investments Surge
During the second quarter of 2023, Maseco LLP entered the market with a significant investment, acquiring a new stake valued at $55,622,000. In the first quarter, Jane Street Group LLC purchased a new position worth approximately $37,583,000. Another firm, Elser Financial Planning Inc, also acquired a new stake in the ETF during the second quarter, valued at about $29,535,000.
Moreover, Focus Partners Advisor Solutions LLC increased its stake by 18.8% in the first quarter, now owning 6,109,641 shares valued at $161,661,000 after acquiring an additional 968,176 shares. Similarly, Focus Partners Wealth raised its position by 11.7% during the same period, bringing its total to 6,359,192 shares worth $168,264,000.
Stock Performance Overview
The shares of the Dimensional Emerging Markets Core Equity 2 ETF opened at $32.93 on Wednesday. The ETF has a market capitalization of $6.60 billion, a price-to-earnings (PE) ratio of 14.02, and a beta of 0.71. Over the past year, the stock has experienced a low of $23.08 and a high of $33.60. Its recent performance shows a 50-day simple moving average of $32.72 and a 200-day simple moving average of $31.42.
The Dimensional Emerging Markets Core Equity 2 ETF focuses on total market equity, actively selecting emerging market securities across various sizes, with a particular emphasis on small-cap companies. Launched on April 27, 2022, the ETF aims to achieve long-term capital appreciation for its investors.
As institutional interest continues to rise, the dynamics surrounding the Dimensional Emerging Markets Core Equity 2 ETF are shaping up to be a significant focus for investors looking to capitalize on emerging markets.
