Axiom Financial Strategies LLC Has $5.36 Million Stake in Davis Select Financial ETF $DFNL

Axiom Financial Strategies LLC lowered its holdings in Davis Select Financial ETF (BATS:DFNL) by 3.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 124,753 shares of the company’s stock after selling 5,091 shares during the quarter. Davis Select Financial ETF accounts for about 3.0% of Axiom Financial Strategies LLC’s holdings, making the stock its 11th biggest position. Axiom Financial Strategies LLC’s holdings in Davis Select Financial ETF were worth $5,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC grew its position in Davis Select Financial ETF by 6.7% in the 1st quarter. LPL Financial LLC now owns 325,696 shares of the company’s stock valued at $12,793,000 after purchasing an additional 20,578 shares during the period. Arkansas Financial Group Inc. grew its position in Davis Select Financial ETF by 8.5% in 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 period. Northwestern Mutual Wealth Management Co. grew its position in Davis Select Financial ETF by 2,063.9% in 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 period. J.W. Cole Advisors Inc. grew its position in Davis Select Financial ETF by 103.7% in the 1st 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. Finally, Janney Montgomery Scott LLC grew its position in Davis Select Financial ETF by 6.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 18,265 shares of the company’s stock valued at $784,000 after purchasing an additional 1,165 shares during the period.

Davis Select Financial ETF Trading Up 15.5%

BATS DFNL opened at $44.12 on Thursday. The company has a fifty day simple moving average of $44.86 and a 200 day simple moving average of $42.24. Davis Select Financial ETF has a 12-month low of $32.37 and a 12-month high of $44.20. The company has a market cap of $293.40 million, a P/E ratio of 13.00 and a beta of 0.97.

Davis Select Financial ETF 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.