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

Davis Select U.S. Equity ETF (BATS:DUSA)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $56.64 and last traded at $56.59, with a volume of 1517 shares changing hands. The stock had previously closed at $55.56.

Davis Select U.S. Equity ETF Price Performance

The firm has a fifty day simple moving average of $54.76 and a two-hundred day simple moving average of $52.69. The firm has a market capitalization of $897.28 million, a P/E ratio of 17.61 and a beta of 0.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Davis Select U.S. Equity ETF by 66.5% in the third quarter. Bank of America Corp DE now owns 1,041,927 shares of the company’s stock worth $49,908,000 after purchasing an additional 416,004 shares in the last quarter. Melone Private Wealth LLC grew its holdings in Davis Select U.S. Equity ETF by 1,050.9% during the 4th quarter. Melone Private Wealth LLC now owns 294,343 shares of the company’s stock valued at $15,050,000 after buying an additional 268,768 shares in the last quarter. Per Stirling Capital Management LLC. bought a new stake in shares of Davis Select U.S. Equity ETF during the third quarter valued at about $12,042,000. Morgan Stanley lifted its holdings 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 buying an additional 163,801 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Davis Select U.S. Equity ETF by 29.3% in the fourth quarter. Wells Fargo & Company MN now owns 427,654 shares of the company’s stock worth $21,866,000 after buying an additional 96,943 shares in the last quarter.

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.