Davis Select Financial ETF (BATS:DFNL) Trading Down 1.6% – Here’s What Happened

Davis Select Financial ETF (BATS:DFNL)’s stock price was down 1.6% during mid-day trading on Thursday . The stock traded as low as $47.75 and last traded at $48.00. Approximately 29,154 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 98,678 shares. The stock had previously closed at $48.80.

Davis Select Financial ETF Stock Performance

The firm has a fifty day simple moving average of $48.63 and a 200 day simple moving average of $46.13. The company has a market capitalization of $319.20 million, a PE ratio of 13.00 and a beta of 0.97.

Institutional Trading of Davis Select Financial ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC purchased a new position in Davis Select Financial ETF during the 3rd quarter valued at about $46,000. CWM LLC lifted its position in shares of Davis Select Financial ETF by 160.0% in the 2nd quarter. CWM LLC now owns 1,300 shares of the company’s stock worth $56,000 after purchasing an additional 800 shares during the period. 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 valued at $474,000 after purchasing an additional 691 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Davis Select Financial ETF during the third quarter valued at approximately $510,000. Finally, Melone Private Wealth LLC raised its stake in Davis Select Financial ETF by 10.3% in the fourth quarter. Melone Private Wealth LLC now owns 11,525 shares of the company’s stock worth $557,000 after buying an additional 1,075 shares in 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.