Davis Select U.S. Equity ETF (BATS:DUSA) Sets New 12-Month High – Should You Buy?

Davis Select U.S. Equity ETF (BATS:DUSA) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $57.01 and last traded at $57.00, with a volume of 29696 shares changing hands. The stock had previously closed at $56.87.

Davis Select U.S. Equity ETF Stock Performance

The firm has a market cap of $900.60 million, a price-to-earnings ratio of 17.61 and a beta of 0.97. The firm has a 50-day moving average price of $55.81 and a two-hundred day moving average price of $53.32.

Institutional Trading of Davis Select U.S. Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. purchased a new stake in shares of Davis Select U.S. Equity ETF during the 4th quarter worth approximately $41,000. Advisory Services Network LLC acquired a new position in shares of Davis Select U.S. Equity ETF in the 3rd quarter valued at $44,000. Birchwood Financial Partners Inc. purchased a new position in shares of Davis Select U.S. Equity ETF in the 4th quarter valued at $111,000. Fifth Third Bancorp purchased a new position in shares of Davis Select U.S. Equity ETF in the 1st quarter valued at $216,000. Finally, Arkadios Wealth Advisors acquired a new stake in Davis Select U.S. Equity ETF during the 4th quarter worth $246,000.

About Davis Select U.S. Equity ETF

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.