Mercer Global Advisors Inc. ADV Sells 2,000 Shares of Davis Select Financial ETF (BATS:DFNL)

Mercer Global Advisors Inc. ADV lowered its stake in Davis Select Financial ETF (BATS:DFNL) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,548 shares of the company’s stock after selling 2,000 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.32% of Davis Select Financial ETF worth $706,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in Davis Select Financial ETF in the fourth quarter valued at approximately $126,000. Ameritas Advisory Services LLC raised its holdings in shares of Davis Select Financial ETF by 14.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 9,986 shares of the company’s stock valued at $380,000 after purchasing an additional 1,298 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in shares of Davis Select Financial ETF in the fourth quarter valued at approximately $411,000. Rockefeller Capital Management L.P. raised its holdings in shares of Davis Select Financial ETF by 2.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 10,903 shares of the company’s stock valued at $415,000 after purchasing an additional 250 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Davis Select Financial ETF by 43.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,250 shares of the company’s stock valued at $657,000 after purchasing an additional 5,245 shares during the last quarter.

Davis Select Financial ETF Stock Up 4.3%

BATS DFNL opened at $39.85 on Monday. Davis Select Financial ETF has a 12-month low of $32.37 and a 12-month high of $42.17. The company has a market capitalization of $262.21 million, a PE ratio of 9.50 and a beta of 0.94. The firm’s 50 day moving average is $38.10 and its 200-day moving average is $39.09.

Davis Select Financial ETF 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.