Davis Select U.S. Equity ETF (BATS:DUSA) Sets New 12-Month High – Still a Buy?

Davis Select U.S. Equity ETF (BATS:DUSA) hit a new 52-week high during trading on Monday . The company traded as high as $56.80 and last traded at $56.80, with a volume of 300 shares changing hands. The stock had previously closed at $54.08.

Davis Select U.S. Equity ETF Stock Performance

The stock’s fifty day moving average price is $51.82 and its two-hundred day moving average price is $50.70. The company has a market cap of $854.46 million, a P/E ratio of 17.61 and a beta of 0.97.

Institutional Trading of Davis Select U.S. Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley grew its stake in shares of Davis Select U.S. Equity ETF by 3.9% in the fourth quarter. Morgan Stanley now owns 4,312,238 shares of the company’s stock worth $220,485,000 after purchasing an additional 163,801 shares during the last quarter. Bank of America Corp DE boosted its stake 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 worth $49,908,000 after acquiring an additional 416,004 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in Davis Select U.S. Equity ETF by 2.1% in the fourth quarter. Kestra Advisory Services LLC now owns 921,862 shares of the company’s stock worth $47,135,000 after purchasing an additional 19,364 shares during the period. UBS Group AG increased its stake in Davis Select U.S. Equity ETF by 3.0% in the fourth quarter. UBS Group AG now owns 564,410 shares of the company’s stock valued at $28,858,000 after purchasing an additional 16,521 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Davis Select U.S. Equity ETF by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 427,654 shares of the company’s stock valued at $21,866,000 after purchasing an additional 96,943 shares during the period.

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.