M Holdings Securities Inc. has increased its holdings in the Dimensional World ex U.S. Core Equity 2 ETF (NYSEARCA:DFAX) by 4.8% during the third quarter of 2023. The firm now owns a total of 465,637 shares after acquiring an additional 21,263 shares in this period. This investment represents approximately 3.1% of M Holdings Securities Inc.’s portfolio, making DFAX its fifth largest holding. The value of this stake is reported to be approximately $14,612,000 according to the latest filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also adjusted their positions in DFAX. Cadence Bank entered the market with a new stake valued at $347,000, while Family Management Corp acquired shares worth $299,000. Annandale Capital LLC notably increased its holdings by 74.8%, amassing 48,649 shares valued at $1,527,000 after purchasing an additional 20,816 shares. Similarly, Sei Investments Co. raised its stake by 31.8%, bringing its total to 25,082 shares valued at $787,000. Lastly, Magnolia Capital Advisors LLC increased its holdings by 4.3%, now owning 114,987 shares worth $3,608,000.
In trading on Friday, DFAX opened at $33.81. The fund has a market capitalization of $10.51 billion, a price-to-earnings ratio of 14.59, and a beta of 0.74. The 50-day simple moving average stands at $35.11, while the two-hundred day average is $32.89. Over the past year, the ETF has observed a low of $23.16 and a high of $37.13.
The Dimensional World ex U.S. Core Equity 2 ETF was launched on March 6, 2008. It primarily focuses on small-cap stocks, investing mainly in non-U.S. companies globally. This strategic approach allows investors to diversify their portfolios with exposure to emerging markets and small-cap opportunities.
For those interested in tracking the investments of hedge funds and institutional investors in DFAX, detailed information can be found at HoldingsChannel.com, which provides the latest 13F filings and insider trades. Additionally, MarketBeat.com offers a daily email newsletter with concise summaries of news and analysts’ ratings for the Dimensional World ex U.S. Core Equity 2 ETF and related companies.
