Northwestern Mutual Wealth Management Co. Sells 17,394 Shares of Davis Select Financial ETF $DFNL

Northwestern Mutual Wealth Management Co. cut its position in shares of Davis Select Financial ETF (BATS:DFNL) by 20.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 68,340 shares of the company’s stock after selling 17,394 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Davis Select Financial ETF were worth $3,303,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of DFNL. Raymond James Financial Inc. increased its position in shares of Davis Select Financial ETF by 32.9% during the 2nd quarter. Raymond James Financial Inc. now owns 50,187 shares of the company’s stock valued at $2,155,000 after purchasing an additional 12,413 shares during the last quarter. Jane Street Group LLC increased its position in shares of Davis Select Financial ETF by 260.6% during the 2nd quarter. Jane Street Group LLC now owns 50,000 shares of the company’s stock valued at $2,147,000 after purchasing an additional 36,136 shares during the last quarter. Bank of America Corp DE increased its position in shares of Davis Select Financial ETF by 18.7% during the 2nd quarter. Bank of America Corp DE now owns 192,240 shares of the company’s stock valued at $8,255,000 after purchasing an additional 30,315 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Davis Select Financial ETF by 77.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 16,867 shares of the company’s stock valued at $724,000 after purchasing an additional 7,384 shares during the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Davis Select Financial ETF during the 3rd quarter valued at about $46,000.

Davis Select Financial ETF Stock Performance

Shares of Davis Select Financial ETF stock opened at $46.44 on Monday. The business’s 50-day moving average price is $46.00 and its 200-day moving average price is $47.01. Davis Select Financial ETF has a 12 month low of $39.86 and a 12 month high of $50.59. The firm has a market capitalization of $308.83 million, a PE ratio of 13.00 and a beta of 0.97.

About Davis Select Financial ETF

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.