Wingate Wealth Advisors Increases Stake in Dimensional ETF by 26.8%

Wingate Wealth Advisors Inc. has increased its investment in the Dimensional Emerging Core Equity Market ETF (NYSEARCA: DFAE) by a substantial 26.8% during the second quarter of 2023. This decision, disclosed in a recent filing with the Securities and Exchange Commission (SEC), reflects the firm’s growing confidence in the ETF, which focuses on emerging market equities. Following this acquisition, Wingate now holds 104,040 shares, having purchased an additional 21,996 shares during the reporting period.

With these new shares, the Dimensional Emerging Core Equity Market ETF now constitutes approximately 2.7% of Wingate’s overall portfolio, ranking it as the firm’s seventh-largest holding. As of the end of the most recent quarter, the total value of Wingate’s holdings in this ETF was estimated at $3,012,000.

Other Institutional Investments Surge in DFAE

Wingate’s decision is part of a broader trend among institutional investors regarding the Dimensional Emerging Core Equity Market ETF. Notably, Brighton Jones LLC raised its position in the ETF by 17.9% in the fourth quarter, now owning 487,353 shares valued at an impressive $12,364,000 after acquiring 73,906 additional shares.

Other firms have also made significant moves. First PREMIER Bank established a new position in the ETF worth $221,000 in the first quarter. Rappaport Reiches Capital Management LLC increased its holdings by 6.1%, now owning 225,808 shares valued at $5,846,000 after purchasing 13,008 additional shares. Similarly, Chico Wealth RIA raised its stake in the ETF by 3.5%, now holding 401,516 shares valued at $10,395,000. Lastly, Moisand Fitzgerald Tamayo LLC boosted its investment by 2.9%, bringing its total to 608,244 shares valued at $15,747,000.

Market Performance and Fund Overview

As of the latest trading session, the Dimensional Emerging Core Equity Market ETF opened at $32.03. The fund has a market capitalization of $7.06 billion, a price-to-earnings ratio of 14.98, and a beta of 0.59, indicating its lower volatility compared to the broader market. Over the past year, the ETF has experienced fluctuations, hitting a low of $22.68 and a high of $32.26. Its fifty-day moving average stands at $30.97, while the two-hundred-day moving average is at $28.75.

Launched on December 2, 2020, the Dimensional Emerging Core Equity Market ETF primarily invests in total market equity, emphasizing small-cap companies within emerging markets. The fund aims to provide long-term capital appreciation by actively selecting a diverse range of securities.

With increasing institutional interest, the Dimensional Emerging Core Equity Market ETF reflects a growing confidence in emerging markets and their potential for capital growth. As more investors look to diversify their portfolios, this ETF appears well-positioned to navigate the complexities of the global market landscape.