Davis Select U.S. Equity ETF (BATS:DUSA) Reaches New 12-Month High – Time to Buy?

Davis Select U.S. Equity ETF (BATS:DUSA) reached a new 52-week high on Wednesday . The stock traded as high as $56.88 and last traded at $56.79, with a volume of 6448 shares traded. The stock had previously closed at $56.18.

Davis Select U.S. Equity ETF Price Performance

The stock has a market capitalization of $897.60 million, a PE ratio of 17.61 and a beta of 0.97. The company has a 50 day moving average price of $55.60 and a 200-day moving average price of $53.17.

Hedge Funds Weigh In On Davis Select U.S. Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Davis Select U.S. Equity ETF by 16.7% during the first quarter. Royal Bank of Canada now owns 26,902 shares of the company’s stock valued at $1,138,000 after buying an additional 3,857 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Davis Select U.S. Equity ETF by 5.3% during the first quarter. Integrated Wealth Concepts LLC now owns 13,956 shares of the company’s stock valued at $591,000 after purchasing an additional 701 shares during the period. Raymond James Financial Inc. boosted its holdings in Davis Select U.S. Equity ETF by 21.5% in the second quarter. Raymond James Financial Inc. now owns 325,920 shares of the company’s stock worth $15,084,000 after purchasing an additional 57,608 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Davis Select U.S. Equity ETF by 59.4% in the second quarter. Jane Street Group LLC now owns 22,471 shares of the company’s stock worth $1,040,000 after acquiring an additional 8,376 shares during the period. Finally, Level Four Advisory Services LLC grew its stake in shares of Davis Select U.S. Equity ETF by 1.8% during the 3rd quarter. Level Four Advisory Services LLC now owns 149,882 shares of the company’s stock valued at $7,179,000 after purchasing an additional 2,714 shares during the period.

About Davis Select U.S. Equity ETF

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.