Davis Select Financial ETF (BATS:DFNL) Shares Down 1.6% – Should You Sell?

Davis Select Financial ETF (BATS:DFNL) shares dropped 1.6% on Thursday . The stock traded as low as $47.75 and last traded at $48.00. Approximately 29,154 shares were traded during trading, a decline of 70% from the average daily volume of 98,678 shares. The stock had previously closed at $48.80.

Davis Select Financial ETF Price Performance

The business’s fifty day moving average price is $48.65 and its 200-day moving average price is $46.16. The stock has a market capitalization of $318.14 million, a price-to-earnings ratio of 13.00 and a beta of 0.97.

Institutional Trading of Davis Select Financial ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFNL. CWM LLC lifted its holdings in shares of Davis Select Financial ETF by 160.0% in the second quarter. CWM LLC now owns 1,300 shares of the company’s stock valued at $56,000 after purchasing an additional 800 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Davis Select Financial ETF by 19.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79,977 shares of the company’s stock valued at $3,434,000 after buying an additional 12,984 shares during the last quarter. Raymond James Financial Inc. raised its position in Davis Select Financial ETF by 32.9% in the 2nd quarter. Raymond James Financial Inc. now owns 50,187 shares of the company’s stock valued at $2,155,000 after buying an additional 12,413 shares during the last quarter. Jane Street Group LLC lifted its stake in Davis Select Financial ETF by 260.6% during the 2nd quarter. Jane Street Group LLC now owns 50,000 shares of the company’s stock valued at $2,147,000 after acquiring an additional 36,136 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Davis Select Financial ETF by 18.7% during the 2nd quarter. Bank of America Corp DE now owns 192,240 shares of the company’s stock worth $8,255,000 after acquiring an additional 30,315 shares during the last quarter.

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.