Davis Select Financial ETF $DFNL Shares Sold by Diligent Investors LLC

Diligent Investors LLC lessened its stake in shares of Davis Select Financial ETF (BATS:DFNL) by 37.5% during the 2nd quarter, Holdings Channel reports. The firm owned 5,839 shares of the company’s stock after selling 3,500 shares during the quarter. Diligent Investors LLC’s holdings in Davis Select Financial ETF were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. LPL Financial LLC grew its holdings in shares of Davis Select Financial ETF by 6.7% during the first quarter. LPL Financial LLC now owns 325,696 shares of the company’s stock valued at $12,793,000 after buying an additional 20,578 shares during the last quarter. D.A. Davidson & CO. lifted its position in Davis Select Financial ETF by 4.5% during the 1st quarter. D.A. Davidson & CO. now owns 79,471 shares of the company’s stock worth $3,122,000 after acquiring an additional 3,400 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Davis Select Financial ETF by 2,063.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 66,993 shares of the company’s stock valued at $2,631,000 after purchasing an additional 63,897 shares during the last quarter. Arkansas Financial Group Inc. grew its stake in Davis Select Financial ETF by 8.5% during the 2nd quarter. Arkansas Financial Group Inc. now owns 45,243 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,535 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Davis Select Financial ETF by 103.7% in the first quarter. J.W. Cole Advisors Inc. now owns 24,689 shares of the company’s stock valued at $970,000 after purchasing an additional 12,570 shares during the period.

Davis Select Financial ETF Stock Up 18.1%

Shares of BATS DFNL opened at $45.11 on Friday. The business’s 50 day moving average price is $44.59 and its 200 day moving average price is $41.75. The firm has a market cap of $299.98 million, a P/E ratio of 13.00 and a beta of 0.97. Davis Select Financial ETF has a 52 week low of $32.37 and a 52 week high of $44.20.

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.