Davis Select Financial ETF (BATS:DFNL) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Davis Select Financial ETF (BATS:DFNL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.54 and traded as high as $40.37. Davis Select Financial ETF shares last traded at $40.21, with a volume of 21,091 shares.

Davis Select Financial ETF Trading Up 1.2 %

The stock has a market cap of $236.00 million, a P/E ratio of 13.22 and a beta of 0.84. The stock’s 50-day moving average is $38.01 and its 200-day moving average is $35.60.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Comerica Bank increased its position in shares of Davis Select Financial ETF by 49.8% during the 1st quarter. Comerica Bank now owns 1,230 shares of the company’s stock valued at $41,000 after purchasing an additional 409 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Davis Select Financial ETF by 327.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,710 shares of the company’s stock valued at $57,000 after buying an additional 1,310 shares in the last quarter. Carson Advisory Inc. acquired a new position in Davis Select Financial ETF during the third quarter worth about $213,000. Rockefeller Capital Management L.P. lifted its holdings in Davis Select Financial ETF by 5.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 10,653 shares of the company’s stock valued at $394,000 after acquiring an additional 567 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Davis Select Financial ETF by 9.5% during the 3rd quarter. Stifel Financial Corp now owns 14,359 shares of the company’s stock valued at $531,000 after purchasing an additional 1,240 shares in 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.