McLean Asset Management Purchases 104,892 Shares in Dimensional ETF

McLean Asset Management Corp has made a significant investment in the Dimensional US Small Cap Value ETF (NYSEARCA:DFSV), acquiring 104,892 shares valued at approximately $3.39 million. This purchase occurred during the third quarter, as detailed in the firm’s latest filing with the Securities and Exchange Commission (SEC). The new stake represents about 0.7% of McLean Asset Management’s total holdings, establishing it as the 23rd largest position within the firm’s portfolio.

As of its most recent SEC filing, McLean Asset Management held approximately 0.06% of the Dimensional US Small Cap Value ETF. Other institutional investors have also been active in the market, with AE Wealth Management LLC increasing its stake by an impressive 404.1% in the second quarter. This expansion resulted in AE Wealth Management owning 3,438 shares valued at $101,000 after acquiring an additional 2,756 shares.

EverSource Wealth Advisors LLC and Hurley Capital LLC also added to their positions in the second quarter. EverSource acquired a new stake worth approximately $180,000, while Hurley Capital increased its holdings by 14.3%, bringing its total to 6,220 shares valued at $183,000. Additionally, Mills Wealth Advisors LLC and Sutton Place Investors LLC entered the market, purchasing new stakes valued at around $200,000 and $204,000, respectively.

Dimensional US Small Cap Value ETF Overview

The Dimensional US Small Cap Value ETF, launched on February 24, 2022, focuses on small-cap stocks, employing an active investment strategy that encompasses a diverse range of US small-cap companies. The fund’s stock selection prioritizes value characteristics, with investments weighted by market capitalization.

As of the latest market data, the Dimensional US Small Cap Value ETF opened at $33.32 on Thursday, with a 12-month low of $23.80 and a 12-month high of $34.21. The ETF has a market capitalization of $5.76 billion, a price-to-earnings ratio of 11.87, and a beta of 1.13. It also reports a 50-day simple moving average of $31.97 and a 200-day simple moving average of $31.20.

The activity from McLean Asset Management and other institutional investors reflects ongoing confidence in the small-cap value segment of the market, as they seek to position themselves strategically amidst evolving economic conditions.