Davis Select Financial ETF (BATS:DFNL) Trading Down 0.8% – Should You Sell?

Davis Select Financial ETF (BATS:DFNL)’s stock price was down 0.8% during trading on Thursday . The stock traded as low as $46.02 and last traded at $46.33. Approximately 32,042 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 82,782 shares. The stock had previously closed at $46.72.

Davis Select Financial ETF Stock Down 1.7%

The stock has a fifty day moving average of $48.25 and a 200-day moving average of $46.58. The stock has a market capitalization of $302.77 million, a PE ratio of 13.00 and a beta of 0.97.

Hedge Funds Weigh In On Davis Select Financial ETF

Institutional investors have recently modified their holdings of the business. Capital Investment Advisory Services LLC acquired a new stake in Davis Select Financial ETF during the 3rd quarter worth $46,000. Wells Fargo & Company MN increased its stake in Davis Select Financial ETF by 25.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,378 shares of the company’s stock valued at $67,000 after purchasing an additional 280 shares during the period. CWM LLC raised its holdings in shares of Davis Select Financial ETF by 34.6% in the third quarter. CWM LLC now owns 1,750 shares of the company’s stock valued at $79,000 after buying an additional 450 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in shares of Davis Select Financial ETF during the fourth quarter worth about $456,000. Finally, DAVENPORT & Co LLC boosted its stake in shares of Davis Select Financial ETF by 7.6% during the fourth quarter. DAVENPORT & Co LLC now owns 9,802 shares of the company’s stock worth $474,000 after buying an additional 691 shares during the period.

About Davis Select Financial ETF

The Davis Select Financial ETF (DFNL) is an exchange-traded fund that is based on the S&P 500 Financials index. The fund is an actively-managed portfolio of global financial sector stocks. The fund seeks long-term growth of capital. DFNL was launched on Jan 11, 2017 and is managed by Davis.