Davis Select Financial ETF (BATS:DFNL) Stock Price Up 29.8% – Still a Buy?

Davis Select Financial ETF (BATS:DFNL) was up 29.8% during trading on Friday . The stock traded as high as $39.29 and last traded at $49.5740. Approximately 9,901 shares were traded during 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 Up 29.8%

The stock has a market capitalization of $329.67 million, a price-to-earnings ratio of 13.00 and a beta of 0.97. The company has a 50 day simple moving average of $46.32 and a 200-day simple moving average of $44.72.

Hedge Funds Weigh In On Davis Select Financial ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Davis Select Financial ETF by 2,063.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 66,993 shares of the company’s stock valued at $2,631,000 after buying an additional 63,897 shares during the period. Jane Street Group LLC grew its stake in Davis Select Financial ETF by 260.6% in the second quarter. Jane Street Group LLC now owns 50,000 shares of the company’s stock valued at $2,147,000 after acquiring an additional 36,136 shares during the period. Bank of America Corp DE increased its holdings in shares of Davis Select Financial ETF by 18.7% during the second quarter. Bank of America Corp DE now owns 192,240 shares of the company’s stock valued at $8,255,000 after acquiring an additional 30,315 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Davis Select Financial ETF by 32.9% during the second quarter. Raymond James Financial Inc. now owns 50,187 shares of the company’s stock worth $2,155,000 after purchasing an additional 12,413 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of Davis Select Financial ETF during the third quarter worth approximately $510,000.

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.