Davis Select Financial ETF (BATS:DFNL) Trading Up 1.1% – Here’s Why

Davis Select Financial ETF (BATS:DFNL) shot up 1.1% during mid-day trading on Monday . The stock traded as high as $51.95 and last traded at $51.83. Approximately 23,394 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 55,852 shares. The stock had previously closed at $51.29.

Davis Select Financial ETF Trading Up 1.1%

The company’s fifty day simple moving average is $49.11 and its 200 day simple moving average is $47.63. The stock has a market capitalization of $344.67 million, a P/E ratio of 13.00 and a beta of 0.97.

Institutional Investors Weigh In On Davis Select Financial ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Perigon Wealth Management LLC purchased a new position in Davis Select Financial ETF during the fourth quarter worth about $872,000. Summit Wealth Group LLC Co. purchased a new stake in shares of Davis Select Financial ETF in the 4th quarter valued at about $1,085,000. Thrivent Financial for Lutherans purchased a new stake in shares of Davis Select Financial ETF in the 4th quarter valued at about $41,646,000. Flow Traders U.S. LLC bought a new stake in shares of Davis Select Financial ETF during the 3rd quarter valued at about $510,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Davis Select Financial ETF by 77.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 16,867 shares of the company’s stock valued at $724,000 after acquiring an additional 7,384 shares during the last quarter.

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.