22,449 Shares in Davis Select Financial ETF $DFNL Purchased by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. purchased a new position in Davis Select Financial ETF (BATS:DFNL) in the 4th quarter, Holdings Channel.com reports. The firm purchased 22,449 shares of the company’s stock, valued at approximately $1,085,000.

Several other hedge funds have also recently added to or reduced their stakes in DFNL. Jane Street Group LLC raised its position 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 worth $2,147,000 after purchasing an additional 36,136 shares in the last quarter. 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 worth $8,255,000 after buying an additional 30,315 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Davis Select Financial ETF during the fourth quarter worth approximately $872,000. Raymond James Financial Inc. increased its holdings 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 buying an additional 12,413 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Davis Select Financial ETF during the third quarter worth approximately $510,000.

Davis Select Financial ETF Trading Up 0.4%

BATS DFNL opened at $46.15 on Wednesday. The firm has a market cap of $306.90 million, a price-to-earnings ratio of 13.00 and a beta of 0.97. The company has a 50 day moving average of $45.98 and a 200-day moving average of $46.92. Davis Select Financial ETF has a 1-year low of $39.86 and a 1-year high of $50.59.

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.