Davis Select U.S. Equity ETF (BATS:DUSA) Trading Up 24.5% – Here’s Why

Davis Select U.S. Equity ETF (BATS:DUSA)’s stock price rose 24.5% during mid-day trading on Wednesday . The stock traded as high as $43.82 and last traded at $53.3250. Approximately 108,356 shares changed hands during mid-day trading, an increase of 173% from the average daily volume of 39,649 shares. The stock had previously closed at $42.83.

Davis Select U.S. Equity ETF Stock Up 24.5%

The company has a market cap of $842.54 million, a PE ratio of 17.61 and a beta of 0.97. The business’s 50 day moving average price is $51.55 and its 200-day moving average price is $49.02.

Hedge Funds Weigh In On Davis Select U.S. Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. purchased a new stake in shares of Davis Select U.S. Equity ETF during the fourth quarter worth about $41,000. Advisory Services Network LLC acquired a new stake in Davis Select U.S. Equity ETF during the 3rd quarter valued at approximately $44,000. Great Point Wealth Advisors LLC purchased a new stake in Davis Select U.S. Equity ETF during the 3rd quarter worth approximately $262,000. DAVENPORT & Co LLC acquired a new position in shares of Davis Select U.S. Equity ETF in the 2nd quarter valued at approximately $254,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Davis Select U.S. Equity ETF in the 4th quarter valued at approximately $310,000.

Davis Select U.S. Equity ETF Company Profile

The Davis Select U.S. Equity ETF (DUSA) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed portfolio of US large-cap stocks. The fund seeks long-term capital growth and capital preservation. DUSA was launched on Jan 11, 2017 and is managed by Davis.