Davis Select Financial ETF (BATS:DFNL) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Davis Select Financial ETF (BATS:DFNL) crossed 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 traded.

Davis Select Financial ETF Stock Up 1.3 %

The firm’s 50 day moving average price is $37.90 and its two-hundred day moving average price is $35.54. The firm has a market capitalization of $233.19 million, a PE ratio of 13.22 and a beta of 0.84.

Hedge Funds Weigh In On Davis Select Financial ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DFNL. Comerica Bank boosted its holdings in Davis Select Financial ETF by 49.8% in the first 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 last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Davis Select Financial ETF by 327.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,710 shares of the company’s stock valued at $57,000 after purchasing an additional 1,310 shares in the last quarter. Carson Advisory Inc. acquired a new stake in shares of Davis Select Financial ETF during the third quarter worth approximately $213,000. Rockefeller Capital Management L.P. increased its stake in shares of Davis Select Financial ETF by 5.6% in the third quarter. Rockefeller Capital Management L.P. now owns 10,653 shares of the company’s stock worth $394,000 after buying an additional 567 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in Davis Select Financial ETF by 9.5% in the third quarter. Stifel Financial Corp now owns 14,359 shares of the company’s stock valued at $531,000 after acquiring an additional 1,240 shares in the last quarter.

About Davis Select Financial ETF

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.