First Western Trust Bank Bolsters Position in Dimensional US Small Cap ETF

During the 2nd quarter of the financial year, First Western Trust Bank has enlarged its investment in the Dimensional U.S. Small Cap ETF (NYSEARCA: DFAS), evidencing a 1.7% increase as outlined by the recently filed Form 13F with the Securities and Exchange Commission (SEC). After the additional purchase of 1,181 shares, the bank's ownership in the ETF rose to a total of 70,985 shares. At the quarter's end, the total value of First Western Trust Bank's stake in DFAS was approximately $3,890,000.

Investment Changes by Other Funds

Concurrent with First Western Trust Bank's investment increase, several other funds modified their holdings in the Dimensional U.S. Small Cap ETF. Janney Montgomery Scott LLC saw a 35.0% increase, while Pure Financial Advisors LLC increased their DFAS shares by 25.5%. Other notable increases included Waterfront Wealth Inc.’s 5.3% boost, Truist Financial Corp’s addition of 25.4% to their stake, and Quent Capital LLC’s significant jump of 444.6% during the quarter.

Market Performance of DFAS

On the trading front, DFAS shares saw a slight uptick of $0.11 during midday trading on Monday, settling at $53.64. This movement occurred alongside the trading of 111,181 shares, a figure that stands in contrast to the average volume of 259,694 shares. The ETF is currently positioned with a market capitalization of $5.62 billion, a price-to-earnings ratio of 11.16, and a beta of 0.97. Over the past year, DFAS has navigated between a low of $48.66 and a peak of $58.05.

About Dimensional U.S. Small Cap ETF

The Dimensional U.S. Small Cap ETF is a fund that opts to invest primarily in small-cap United States corporations. Employing a strategic approach, the ETF is market capitalization-weighted and integrates various factors in its selection process for investments. Since its inception on December 15, 1998, the DFAS has been managed by Dimensional Fund Advisors.

Investment, Banking, ETF