Davis Select Financial ETF (BATS:DFNL) Stock Price Down 0.8% – Here’s Why

Davis Select Financial ETF (BATS:DFNL)’s stock price was down 0.8% on Thursday . The company traded as low as $46.02 and last traded at $46.33. Approximately 32,042 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 82,782 shares. The stock had previously closed at $46.72.

Davis Select Financial ETF Trading Down 0.8%

The company has a 50 day moving average of $48.33 and a 200 day moving average of $46.56. The firm has a market cap of $308.09 million, a price-to-earnings ratio of 13.00 and a beta of 0.97.

Hedge Funds Weigh In On Davis Select Financial ETF

Several institutional investors have recently modified their holdings of DFNL. Thrivent Financial for Lutherans acquired a new position in shares of Davis Select Financial ETF in the 4th quarter valued at approximately $41,646,000. LPL Financial LLC raised its stake in shares of Davis Select Financial ETF by 8.3% in the 4th quarter. LPL Financial LLC now owns 396,816 shares of the company’s stock valued at $19,178,000 after purchasing an additional 30,475 shares during the period. Bank of America Corp DE lifted its stake in Davis Select Financial ETF by 3.6% in the 3rd quarter. Bank of America Corp DE now owns 199,097 shares of the company’s stock valued at $9,003,000 after acquiring an additional 6,857 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Davis Select Financial ETF by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 128,853 shares of the company’s stock worth $6,227,000 after purchasing an additional 1,004 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Davis Select Financial ETF by 0.7% during the third quarter. UBS Group AG now owns 96,687 shares of the company’s stock worth $4,372,000 after purchasing an additional 676 shares during the last quarter.

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.