Davis Select U.S. Equity ETF (BATS:DUSA) Reaches New 52-Week High – Still a Buy?

Shares of Davis Select U.S. Equity ETF (BATS:DUSA) reached a new 52-week high during trading on Tuesday . The company traded as high as $55.04 and last traded at $54.81, with a volume of 4237 shares trading hands. The stock had previously closed at $54.77.

Davis Select U.S. Equity ETF Stock Up 0.8%

The firm has a market cap of $874.53 million, a price-to-earnings ratio of 17.61 and a beta of 0.97. The stock has a 50 day moving average of $52.11 and a 200 day moving average of $51.08.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its position in Davis Select U.S. Equity ETF by 3.9% during the fourth quarter. Morgan Stanley now owns 4,312,238 shares of the company’s stock valued at $220,485,000 after purchasing an additional 163,801 shares in the last quarter. Bank of America Corp DE raised its position in Davis Select U.S. Equity ETF by 66.5% during the third quarter. Bank of America Corp DE now owns 1,041,927 shares of the company’s stock valued at $49,908,000 after purchasing an additional 416,004 shares in the last quarter. Kestra Advisory Services LLC raised its stake in Davis Select U.S. Equity ETF by 2.1% during the fourth quarter. Kestra Advisory Services LLC now owns 921,862 shares of the company’s stock worth $47,135,000 after acquiring an additional 19,364 shares in the last quarter. UBS Group AG raised its stake in Davis Select U.S. Equity ETF by 3.0% during the fourth quarter. UBS Group AG now owns 564,410 shares of the company’s stock worth $28,858,000 after acquiring an additional 16,521 shares in the last quarter. Finally, Next Level Private LLC raised its stake in Davis Select U.S. Equity ETF by 16.7% during the first quarter. Next Level Private LLC now owns 435,158 shares of the company’s stock worth $22,080,000 after acquiring an additional 62,218 shares in the last quarter.

Davis Select U.S. Equity ETF Company 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.