Northwestern Mutual Wealth Management Co. Sells 17,394 Shares of Davis Select Financial ETF $DFNL

Northwestern Mutual Wealth Management Co. decreased its position in shares of Davis Select Financial ETF (BATS:DFNL) by 20.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 68,340 shares of the company’s stock after selling 17,394 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 1.03% of Davis Select Financial ETF worth $3,303,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC lifted its holdings in Davis Select Financial ETF by 53.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,577 shares of the company’s stock worth $76,000 after purchasing an additional 549 shares in the last quarter. UBS Group AG lifted its holdings in Davis Select Financial ETF by 0.7% during the 3rd quarter. UBS Group AG now owns 96,687 shares of the company’s stock worth $4,372,000 after purchasing an additional 676 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Davis Select Financial ETF by 7.6% during the 4th quarter. DAVENPORT & Co LLC now owns 9,802 shares of the company’s stock worth $474,000 after purchasing an additional 691 shares in the last quarter. Melone Private Wealth LLC lifted its holdings in Davis Select Financial ETF by 10.3% during the 4th quarter. Melone Private Wealth LLC now owns 11,525 shares of the company’s stock worth $557,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in Davis Select Financial ETF by 2.1% during the 4th quarter. Sanctuary Advisors LLC now owns 85,475 shares of the company’s stock worth $4,131,000 after purchasing an additional 1,789 shares in the last quarter.

Davis Select Financial ETF Stock Performance

Shares of DFNL opened at $46.44 on Monday. The stock’s 50-day simple moving average is $46.00 and its 200 day simple moving average is $47.01. The stock has a market capitalization of $308.83 million, a price-to-earnings ratio of 13.00 and a beta of 0.97. Davis Select Financial ETF has a 52-week low of $39.86 and a 52-week high of $50.59.

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.