Assetmark Inc. has expanded its investment portfolio with the acquisition of a significant stake in the Dimensional International Vector Equity ETF (NYSEARCA:DXIV). During the second quarter, the firm purchased 46,358 shares, valued at approximately $2.7 million, according to a recent filing with the Securities and Exchange Commission (SEC).
This acquisition is part of a broader trend, as other institutional investors are also adjusting their positions in the ETF. For instance, during the same quarter, Glass Jacobson Investment Advisors LLC acquired a new stake valued at around $53,000. In the first quarter, VanderPol Investments L.L.C. made a similar move, investing approximately $247,000. Meanwhile, BIP Wealth LLC added a stake valued at $461,000 in the second quarter.
Institutional Investors Increasing Stakes
Cordant Inc. has significantly increased its holdings in the Dimensional International Vector Equity ETF by 14.1% during the second quarter. After purchasing an additional 3,498 shares, Cordant now owns a total of 28,348 shares valued at approximately $1.6 million. Additionally, Pure Financial Advisors LLC has enhanced its position by 27.0%, acquiring 23,391 shares and bringing its total to 110,134 shares valued at around $6.4 million.
As of Wednesday, shares of the Dimensional International Vector Equity ETF opened at $61.05. The ETF currently holds a market capitalization of $116 million, a price-to-earnings ratio of 14.03, and a beta of 0.93. Over the past year, the fund has recorded a low of $45.94 and a high of $63.89.
ETF Overview
The Dimensional International Vector Equity ETF focuses on total market equity and is actively managed to maintain a broad portfolio of companies outside the United States. It emphasizes firms with smaller market capitalizations, lower relative prices, and higher profitability. This strategy aligns with current investment trends favoring diversified international exposure.
For investors interested in tracking hedge fund activities related to the Dimensional International Vector Equity ETF, comprehensive information is available through platforms such as HoldingsChannel.com, which provides updates on 13F filings and insider trades.
Overall, Assetmark Inc.’s substantial investment reflects confidence in the ETF’s performance and potential for growth, aligning with the broader interest demonstrated by other institutional investors in the current market landscape.
