Davis Select Financial ETF (BATS:DFNL) Shares Up 29.8% – What’s Next?

Davis Select Financial ETF (BATS:DFNL) shares rose 29.8% during mid-day trading on Friday . The company traded as high as $39.29 and last traded at $49.5740. Approximately 9,901 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 12,640 shares. The stock had previously closed at $38.1989.

Davis Select Financial ETF Stock Performance

The business has a fifty day moving average of $46.32 and a two-hundred day moving average of $44.74. The firm has a market capitalization of $329.67 million, a price-to-earnings ratio of 13.00 and a beta of 0.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Arkansas Financial Group Inc. lifted its position in Davis Select Financial ETF by 8.5% during the second quarter. Arkansas Financial Group Inc. now owns 45,243 shares of the company’s stock valued at $1,969,000 after buying an additional 3,535 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Davis Select Financial ETF by 6.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 18,265 shares of the company’s stock worth $784,000 after acquiring an additional 1,165 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Davis Select Financial ETF by 19.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79,977 shares of the company’s stock valued at $3,434,000 after acquiring an additional 12,984 shares during the period. Geneos Wealth Management Inc. boosted its stake in Davis Select Financial ETF by 5.6% during the third quarter. Geneos Wealth Management Inc. now owns 17,817 shares of the company’s stock worth $806,000 after acquiring an additional 950 shares in the last quarter. Finally, CWM LLC grew its holdings in Davis Select Financial ETF by 34.6% in the third quarter. CWM LLC now owns 1,750 shares of the company’s stock worth $79,000 after purchasing an additional 450 shares during the period.

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.