Raymond James Financial Inc. Purchases Shares of 40,804 Davis Select Financial ETF (BATS:DFNL)

Raymond James Financial Inc. acquired a new position in shares of Davis Select Financial ETF (BATS:DFNL) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 40,804 shares of the company’s stock, valued at approximately $1,554,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC grew its position in Davis Select Financial ETF by 14.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 9,986 shares of the company’s stock valued at $380,000 after buying an additional 1,298 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Davis Select Financial ETF by 5.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 10,653 shares of the company’s stock worth $394,000 after acquiring an additional 567 shares during the period. Stifel Financial Corp lifted its stake in shares of Davis Select Financial ETF by 9.5% in the 3rd quarter. Stifel Financial Corp now owns 14,359 shares of the company’s stock worth $531,000 after acquiring an additional 1,240 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Davis Select Financial ETF by 43.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,250 shares of the company’s stock valued at $657,000 after acquiring an additional 5,245 shares in the last quarter. Finally, Arkansas Financial Group Inc. increased its stake in shares of Davis Select Financial ETF by 48.7% during the fourth quarter. Arkansas Financial Group Inc. now owns 31,981 shares of the company’s stock valued at $1,218,000 after acquiring an additional 10,470 shares during the period.

Davis Select Financial ETF Price Performance

Shares of BATS:DFNL opened at $39.26 on Wednesday. The stock has a market cap of $259.12 million, a price-to-earnings ratio of 12.61 and a beta of 1.06. Davis Select Financial ETF has a 12 month low of $30.59 and a 12 month high of $42.17. The stock’s 50 day moving average price is $39.85 and its 200 day moving average price is $39.06.

Davis Select Financial ETF Company Profile

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.