Royal Bank of Canada Purchases 75,169 Shares of Davis Select Financial ETF $DFNL

Royal Bank of Canada grew its position in Davis Select Financial ETF (BATS:DFNL) by 145.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 126,975 shares of the company’s stock after buying an additional 75,169 shares during the period. Royal Bank of Canada owned approximately 1.91% of Davis Select Financial ETF worth $5,694,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp bought a new position in Davis Select Financial ETF during the first quarter worth about $39,000. Wells Fargo & Company MN increased its holdings in shares of Davis Select Financial ETF by 25.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,378 shares of the company’s stock worth $67,000 after acquiring an additional 280 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Davis Select Financial ETF by 7.1% during the first quarter. Private Advisor Group LLC now owns 5,008 shares of the company’s stock worth $225,000 after purchasing an additional 330 shares during the period. Kovack Advisors Inc. acquired a new stake in shares of Davis Select Financial ETF during the fourth quarter worth about $456,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Davis Select Financial ETF in the 3rd quarter valued at approximately $510,000.

Davis Select Financial ETF Stock Up 0.1%

Shares of DFNL stock opened at $52.63 on Thursday. Davis Select Financial ETF has a 12-month low of $43.13 and a 12-month high of $52.98. The firm has a fifty day moving average of $50.00 and a 200-day moving average of $47.83. The company has a market capitalization of $349.99 million, a price-to-earnings 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.