Davis Select U.S. Equity ETF (BATS:DUSA) Hits New 52-Week High – Time to Buy?

Davis Select U.S. Equity ETF (BATS:DUSA)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $58.31 and last traded at $58.28, with a volume of 38435 shares. The stock had previously closed at $58.15.

Davis Select U.S. Equity ETF Stock Performance

The firm has a market cap of $909.45 million, a price-to-earnings ratio of 17.61 and a beta of 0.97. The stock’s fifty day moving average is $56.60 and its two-hundred day moving average is $54.23.

Institutional Investors Weigh In On Davis Select U.S. Equity ETF

Large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Davis Select U.S. Equity ETF by 16.7% in the 1st quarter. Royal Bank of Canada now owns 26,902 shares of the company’s stock worth $1,138,000 after buying an additional 3,857 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Davis Select U.S. Equity ETF by 5.3% in the first quarter. Integrated Wealth Concepts LLC now owns 13,956 shares of the company’s stock worth $591,000 after purchasing an additional 701 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of 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 in the last quarter. Jane Street Group LLC increased its holdings in shares of Davis Select U.S. Equity ETF by 59.4% during the second quarter. Jane Street Group LLC now owns 22,471 shares of the company’s stock valued at $1,040,000 after purchasing an additional 8,376 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of Davis Select U.S. Equity ETF by 9.3% during the third quarter. Private Advisor Group LLC now owns 40,090 shares of the company’s stock valued at $1,920,000 after purchasing an additional 3,398 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.