Summit Wealth Group LLC Co. Invests $2.55 Million in Davis Select U.S. Equity ETF $DUSA

Summit Wealth Group LLC Co. purchased a new position in Davis Select U.S. Equity ETF (BATS:DUSA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,828 shares of the company’s stock, valued at approximately $2,548,000.

Other hedge funds have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. bought a new position in shares of Davis Select U.S. Equity ETF in the fourth quarter worth about $41,000. Advisory Services Network LLC bought a new position in shares of Davis Select U.S. Equity ETF in the third quarter worth about $44,000. Great Point Wealth Advisors LLC bought a new position in shares of Davis Select U.S. Equity ETF in the third quarter worth about $262,000. Stratos Wealth Partners LTD. bought a new position in shares of Davis Select U.S. Equity ETF in the fourth quarter worth about $310,000. Finally, Summit Investment Advisory Services LLC bought a new position in shares of Davis Select U.S. Equity ETF in the third quarter worth about $386,000.

Davis Select U.S. Equity ETF Trading Up 0.3%

BATS DUSA opened at $56.02 on Wednesday. The company’s 50-day moving average price is $52.52 and its 200-day moving average price is $51.46. The stock has a market cap of $885.12 million, a PE ratio of 17.61 and a beta of 0.97. Davis Select U.S. Equity ETF has a 12 month low of $42.27 and a 12 month high of $56.22.

Davis Select U.S. Equity ETF 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.