Davis Select Financial ETF (BATS:DFNL) Trading 26.2% Higher – Should You Buy?

Davis Select Financial ETF (BATS:DFNL) shares rose 26.2% on Wednesday . The stock traded as high as $39.29 and last traded at $48.2150. Approximately 9,901 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 12,640 shares. The stock had previously closed at $38.1989.

Davis Select Financial ETF Stock Performance

The stock’s 50 day moving average is $47.70 and its 200 day moving average is $45.58. The company has a market capitalization of $320.63 million, a PE ratio of 13.00 and a beta of 0.97.

Hedge Funds Weigh In On Davis Select Financial ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFNL. Arkansas Financial Group Inc. lifted its position in Davis Select Financial ETF by 8.5% during the second quarter. Arkansas Financial Group Inc. now owns 45,243 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,535 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Davis Select Financial ETF by 6.8% during the second quarter. Janney Montgomery Scott LLC now owns 18,265 shares of the company’s stock valued at $784,000 after purchasing an additional 1,165 shares in the last quarter. CWM LLC boosted its holdings 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Davis Select Financial ETF by 19.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79,977 shares of the company’s stock valued at $3,434,000 after buying an additional 12,984 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in Davis Select Financial ETF by 32.9% in the 2nd quarter. Raymond James Financial Inc. now owns 50,187 shares of the company’s stock worth $2,155,000 after buying an additional 12,413 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.