Davis Select Financial ETF (BATS:DFNL) Shares Up 3.2% – Still a Buy?

Davis Select Financial ETF (BATS:DFNL)’s share price was up 3.2% during trading on Friday . The company traded as high as $39.29 and last traded at $39.44. Approximately 9,901 shares traded hands during trading, The stock had previously closed at $38.20.

Davis Select Financial ETF Stock Up 3.2 %

The company’s fifty day moving average price is $39.51 and its two-hundred day moving average price is $37.23. The firm has a market cap of $228.72 million, a PE ratio of 13.22 and a beta of 0.84.

Hedge Funds Weigh In On Davis Select Financial ETF

A number of large investors have recently modified their holdings of DFNL. HighTower Advisors LLC boosted its stake in shares of Davis Select Financial ETF by 73.1% in the third quarter. HighTower Advisors LLC now owns 115,950 shares of the company’s stock valued at $4,285,000 after buying an additional 48,949 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Davis Select Financial ETF by 54.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 76,052 shares of the company’s stock worth $3,095,000 after purchasing an additional 26,687 shares in the last quarter. Arkansas Financial Group Inc. grew its stake in shares of Davis Select Financial ETF by 48.7% during the 4th quarter. Arkansas Financial Group Inc. now owns 31,981 shares of the company’s stock worth $1,218,000 after purchasing an additional 10,470 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Davis Select Financial ETF by 43.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,250 shares of the company’s stock valued at $657,000 after purchasing an additional 5,245 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Davis Select Financial ETF by 9.5% in the third quarter. Stifel Financial Corp now owns 14,359 shares of the company’s stock valued at $531,000 after purchasing an additional 1,240 shares during the period.

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.